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Outplacement firm Challenger said U.S. tech firms announced 38,242 layoffs in May, the sector’s largest monthly total since Aug 2024. Tech has posted 123,653 layoffs year-to-date in 2026, up 66% from 74,716 in the same period of 2025, and remains the

2026-06-04

Outplacement firm Challenger said U.S. tech firms announced 38,242 layoffs in May, the sector’s largest monthly total since Aug 2024. Tech has posted 123,653 layoffs year-to-date in 2026, up 66% from 74,716 in the same period of 2025, and remains the biggest source of cuts so far this year. Challenger said technology is reshaping the labor market in real time and that artificial intelligence is now the most-cited reason for company layoffs, with tech the most affected sector. It added AI has not produced mass job destruction to date and should raise productivity over time, but companies are already citing AI in more layoffs than any other reason; the key uncertainty is the speed of change.

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2026-06-04

The China Automotive Engineering Society forecasts new-energy vehicles (NEVs) will account for more than 70% of new passenger-car sales by 2030; L3/L4 autonomous-driving features will be fitted on over 35% of new passenger cars, and Chinese automaker

The China Automotive Engineering Society forecasts new-energy vehicles (NEVs) will account for more than 70% of new passenger-car sales by 2030; L3/L4 autonomous-driving features will be fitted on over 35% of new passenger cars, and Chinese automakers' overseas sales will reach nearly 10 mln units. The society expects the next five years to bring accelerated electrification, digital-intelligent transformation across the full industry chain, and a deep reshaping of competitive and cooperative dynamics between domestic and foreign automakers. Vice chairman and secretary-general Hou Fushen made the remarks at the society's June 3 annual meeting press briefing.
2026-06-04

TSMC (TSM.N) CEO: Global capacity expansion is primarily driven by customer demand and local government support.

TSMC (TSM.N) CEO: Global capacity expansion is primarily driven by customer demand and local government support.
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