AI Emerges As Leading Cause Of Layoffs In April As Tech Firms Cut Jobs And Shift Spending

AI Emerges As Leading Cause Of Layoffs In April As Tech Firms Cut Jobs And Shift Spending

Artificial intelligence was the leading reason companies gave for layoffs in April for the second straight month amid rising economic uncertainty and heavy spending on AI infrastructure. Outplacement firm Challenger, Gray & Christmas reported that 21,490 layoffs in April were tied to AI-related restructuring, accounting for 26% of all announced cuts during the month. The…

Read More

OpenAI Expands Cyber-Focused GPT-5.5 Access As AI Security Race Intensifies

OpenAI Expands Cyber-Focused GPT-5.5 Access As AI Security Race Intensifies

OpenAI is widening access to a more permissive version of its GPT-5.5 artificial intelligence model for vetted cybersecurity defenders as concerns grow over how advanced AI systems could reshape digital warfare and critical infrastructure security. The company announced that approved members of its Trusted Access for Cyber program will gain access to GPT-5.5-Cyber, a specialized…

Read More

Video: How Prepared Are We for A.I. Layoffs?

Video: How Prepared Are We for A.I. Layoffs?

new video loaded: How Prepared Are We for A.I. Layoffs? Our chief economics correspondent, Ben Casselman, describes how A.I.-related layoffs are testing the resilience of the government’s safety net programs. By Ben Casselman, Nour Idriss, Nikolay Nikolov, Stephanie Swart and Rafaela Balster May 8, 2026 Source link

Read More

U.S. Says It Disabled Two More Vessels Seeking To Enter Iranian Ports: ‘Full Enforcement Of The Blockade’

U.S. Says It Disabled Two More Vessels Seeking To Enter Iranian Ports: ‘Full Enforcement Of The Blockade’

The U.S. Central Command said it disabled two more vessels attempting to enter Iranian ports as tensions with Tehran remain high despite talks of progress towards ending the war. “U.S. Central Command (CENTCOM) enforced blockade measures against two Iranian-flagged unladen oil tankers attempting to pull into an Iranian port on the Gulf of Oman. A…

Read More

1,550 Ships Stranded As Strait of Hormuz Remains Closed; Supertankers Losing Up To $150K Per Day

1,550 Ships Stranded As Strait of Hormuz Remains Closed; Supertankers Losing Up To 0K Per Day

Hundreds of commercial vessels remain stranded in the Persian Gulf as the Strait of Hormuz remains closed as the war in Iran continues. The disruption has slowed one of the world’s most important energy shipping corridors and left global freight markets adjusting to sustained delays. Traffic through the waterway has dropped sharply since late February,…

Read More