Find XO: Layoffs Lowest in Two Years, but AI Remains the Top Reason for Five Consecutive Months (challengergray.com)

- In July, U.S. layoffs announced totaled 33,429, the lowest in two years, and the cumulative total from January to July is 41% lower than last year. - However, AI has been the number one reason for layoffs for five consecutive months. - When the total amount decreases but its proportion increases, it raises doubts about what that term actually measures. - When reading layoff news, it is more useful to consider the number of cases rather than the proportion, and to look at hiring pages from the same quarter rather than only the reasons.