US Tech Groups Cut 140,000 Jobs Despite AI Spending Boom
Despite a significant investment spree in artificial intelligence, US tech companies have cut 140,000 jobs, reshaping Silicon Valley while the broader US jobs market remains stable.
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Despite a significant investment spree in artificial intelligence, US tech companies have cut 140,000 jobs, reshaping Silicon Valley while the broader US jobs market remains stable.

As former Iranian Foreign Minister Javad Zarif proposes conditions for ending the conflict, including nuclear program limits for sanctions relief, President Trump threatens to escalate attacks on Iran's civilian infrastructure, stating the US military has 'not even started.' Meanwhile, experts analyze the US's dilemma in ending the war, while reports detail ongoing Iranian attacks and the broader impact of the conflict.
The upcoming June employment report is highly anticipated as it will provide a crucial 'heat check' on the current state of the U.S. jobs market. The data is expected to offer insights into economic trends and potentially impact financial markets.
An analysis explores the potential resilience or vulnerability of the US jobs market in the context of the ongoing Iran war.