US EditionPublished • loading... • Updated
As Layoffs Expand, Workers Confront Job Market Uncertainty
Companies cite restructuring, rising costs, and AI investments while cutting tens of thousands of jobs globally, with hiring stagnant and U.S. job growth slowing to 50,000 last month.
- 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.
Insights by Ground AI
Podcasts & Opinions
71 Articles
71 Articles
Layoffs Are Piling Up, And House Republicans Don’t Care
209,000 people filed for unemployment last week as inflation and Republicans’ reckless tariffs continue to hurt American workers and businesses. As the AP reports, “…a growing list of companies are also cutting jobs. Employers have initiated layoffs across sectors — with many pointing to rising operational costs that span from President Donald Trump’s barrage of new tariffs, stubborn inflation and shifts in spending from consumers, whose outloo…
Associated Press News+63 Reposted by 63 other sources
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
Read Full Article
Coverage Details
Total News Sources71
Leaning Left12Leaning Right3Center47Last UpdatedBias Distribution76% Center
Bias Distribution
- 76% of the sources are Center
76% Center
L 19%
C 76%
Factuality
To view factuality data please Upgrade to Premium
