US EditionPublished • loading... • Updated
Global firms slash jobs amid weak sentiment, AI push
- Tuesday, Amazon said it will cut about 14,000 corporate jobs, close to 4% of its workforce, while CEO Andy Jassy said generative AI will reduce corporate staffing in the coming years.
- Some companies cite redirecting funds to artificial intelligence investments and broader corporate restructuring, while rising operational costs including U.S. imposed tariffs and shifts in consumer spending have driven layoffs.
- United Parcel Service has cut about 34,000 operational positions and announced another 14,000 role reductions, while Nestlé said in mid-October it would cut 16,000 jobs globally over two years.
- Workers across sectors face rising anxiety as sizeable layoffs pile up, while the U.S. government shutdown and an ADP survey earlier this month showing 32,000 private-sector jobs loss add uncertainty.
- Most reductions were expected before the end of 2025, and Intel told employees in a July memo that it expects to end the year with about 75,000 core workers, down from 99,500 last year.
Insights by Ground AI
65 Articles
65 Articles
Global firms slash jobs amid weak sentiment, AI push
Companies around the globe have ramped up job cuts, with blue-chips from Amazon to Nestle and UPS reining in spending while consumer sentiment dims and AI-focused tech companies start to replace jobs with automation.
·United Kingdom
Read Full Article
Layoffs Are Piling Up, Here Are Some Companies That Have Cut Jobs Recently
Amid wider economic uncertainty, some analysts have said that businesses are at a "no-hire, no fire" standstill. That's caused many to limit new work to only a few specific roles, if not pause...
·New Delhi, India
Read Full ArticleCoverage Details
Total News Sources65
Leaning Left20Leaning Right7Center28Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 36%
C 51%
13%
Factuality
To view factuality data please Upgrade to Premium
