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Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
Companies like Amazon, UPS, and Nestlé are cutting tens of thousands of jobs globally as they restructure and increase spending on artificial intelligence and digitalization.
- 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.
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47 Articles
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
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Associated Press News+44 Reposted by 44 other sources
Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill.
·United States
Read Full Article
Coverage Details
Total News Sources47
Leaning Left17Leaning Right6Center21Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 38%
C 48%
14%
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