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Career Consulting Firm: US Job Cuts Exceed 60,000 Last Month, AI Industry Accounts for 25%
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Career consulting firm Challenger, Gray & Christmas announced on Thursday that US employers cut 217,362 jobs in the first quarter of this year, marking the lowest total for the same period since 2022 and representing a 16% decrease from the fourth quarter of last year.

US employers announced 60,620 job cuts in March, an increase of more than 25% from February, but still far below the 275,240 recorded a year earlier. Among all industries, the artificial intelligence sector accounted for 25% of total layoffs, with 15,341 job cuts. The technology sector recorded the highest number of layoffs in March at 18,720, followed by pharmaceuticals (5,356), education (5,258) and finance (5,114).

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