The wave of AI is driving layoffs in companies, with restructuring announcements in the U.S. stock market increasing by 20% during earnings season

In this round of the U.S. stock earnings season, multiple companies have announced layoff plans in response to the rise of artificial intelligence, with the number of S&P 500 constituent companies announcing large-scale restructuring plans expected to increase by about 20% year-over-year.

After PayPal and Microsoft announced layoff plans, their stock prices rose slightly, while Volvo's stock price fell sharply due to expanded layoffs in response to shrinking demand in the Asian market.