economy

February 4, 2026

More companies are pointing to AI as they lay off employees

Updated on: February 3, 2026 / 5:47 PM EST / CBS News

More companies are pointing to AI as they lay off employees

TL;DR

  • Companies are increasingly citing AI adoption as a reason for layoffs.
  • In 2025, over 55,000 job cuts were directly attributed to AI, a significant increase from previous years.
  • The tech industry accounts for a large portion of these AI-related job losses, concentrated in states like California and Washington.
  • Some economists and experts suggest that companies might be using AI as a pretext or excuse for layoffs, rather than the primary driver.
  • Several major tech companies like Amazon, Pinterest, HP, and others have announced significant job cuts, with AI mentioned as a factor or a strategy for future growth and efficiency.

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