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As Layoffs Expand, Workers Confront Job Market Uncertainty
Thousands of jobs are being cut as companies restructure and invest heavily in artificial intelligence, with hiring stagnant and workers increasingly anxious, economists say.
- On Jan. 20, multiple major companies began layoffs as part of a growing wave of job cuts, leaving workers increasingly anxious about the job market.
- Facing tariff and cost pressures, companies cited rising operational costs including tariffs and inflation, while some shifted spending toward artificial intelligence and restructuring recently.
- About 16,000 corporate roles at Amazon were cut on Wednesday after trimming 14,000 three months earlier, and United Parcel Service plans to cut up to 30,000 operational jobs this year.
- A plant closure will eliminate jobs nearly a third of a small town's 11,000 population, while U.S. hiring last month showed stagnation with only 50,000 jobs added, according to companies.
- Intel last year said it would shrink to 75,000 core workers by end of 2025, and Microsoft ran two layoff rounds last year, while Procter & Gamble and Lufthansa Group signalled multi-year job reductions.
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Layoffs are piling up, heightening worker anxiety. Here are some of the biggest recent job cuts
As layoffs pile up, workers are feeling increasingly anxious about the job market. Economists have said businesses are in a "no-hire, no-fire" standstill as hiring stalls overall.
·United States
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Coverage Details
Total News Sources67
Leaning Left11Leaning Right3Center45Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 19%
C 76%
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