Aspire Global Company Limited

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The number of Challenger job cuts in the U.S. in July was 33,429, compared to 45,849 in the previous month.

The number of Challenger job cuts in the U.S. in July was 33,429, compared to 45,849 in the previous month.

Andy Challenger, Chief Revenue Officer of Challenger Inc.: Hiring has also increased by 25% compared to last year, so while artificial intelligence is changing the labor market, it is not destroying jobs.

Challenger's US layoff report: July layoffs plummeted to 33,429, while hiring plans increased slightly; artificial intelligence remained the primary reason for layoffs for the fifth consecutive month.