Apple, Wells Fargo, and Gilead Sciences have scheduled layoffs. These job cuts are set for June 2026. Industry experts question AI as the primary reason for these reductions. Many believe AI is a convenient excuse for other financial pressures. Over-hiring during the pandemic and high interest rates are also key factors.
http://www.msn.com/en-us/money/companies/apple-wells-fargo-gilead-among-firms-announcing-june-layoffs/ss-AA24zvWn