AI layoffs are not lifting most stocks, CNBC finds
CNBC tracked 23 S&P 500 companies that blamed layoffs on AI and found 13 trading below the announcement-day price.
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CNBC tracked 23 S&P 500 companies that blamed layoffs on AI and found 13 trading below the announcement-day price.
CNBC data shows that 56% of S&P 500 companies citing AI as a reason for layoffs saw their stocks fall an average of 25%.