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SC

Journalist

Sophie Caldwell

Associate Work Reporter at CNBC

Sophie Caldwell is a reporter at CNBC Make It who covers work-related topics.

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Daniel ZhaoOther

Thomas ThompsonOther

Daniel KeumResearcher

Fabian StephanyResearcher

Andy ChallengerOther

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Referenced in coverage

AI is now the leading reason companies give for cutting jobs

CNBCnegativeJun 11, 2026

“Reported on data from Challenger, Gray & Christmas showing AI as the leading reason for job cuts in May 2026, with layoffs reaching highest May levels since 2020.”