US-based employers announced 33.429K job cuts in July 2026, the least in two years, down 27% from June 46% and 46% below the levels seen in the same month last year. AI led all reasons for job cuts for a fifth straight month and was responsible for 10.97K during the month. The tech sector cut the most jobs (9.867K), followed by financial (3.157K), government (2.962K), and services (2.581K). Through July, employers have announced 477,033 job cuts, down 41% from the 806,383 cuts announced in the first seven months of 2025.