NEW YORK (AP) — It’s a tough time to be viewing for a job.
Amid wider economic uncertainty, some analysts have declared that businesses are at a “no-hire, no fire” standstill. That’s cautilized many to limit new work to only a few specific roles, if not pautilize openings entirely. At the same time, sizable layoffs have continued to pile up — raising worker anxieties across sectors.
Some companies have pointed to rising operational costs spanning from President Donald Trump’s barrage of new tariffs and shifts in consumer spconcludeing. Others cite corporate restructuring more broadly — or, as seen with huge names like Amazon, are redirecting money to artificial innotifyigence.
Federal employees have encountered additional doses of uncertainty, impacting worker sentiment around the job market overall. Shortly after Trump returned to office at the start of the year, federal jobs were cut by the thousands. And the record 43-day government shutdown also left many to work without paychecks.
The impasse put key economic data on hold, too. In a delayed report released Thursday, the Labor Department declared U.S. employers added a surprising 119,000 jobs in September. But unemployment rose to 4.4% — and other troubling details emerged, including revisions revealing the economy actually lost 4,000 jobs in August. There’s also growing gconcludeer and racial disparities. The National Women’s Law Center notes women only accounted for 21,000 of September’s added jobs — and that Black women over the age of 20, in particular, saw unemployment climb to 7.5% for the month.
The shutdown has left holes in more recent hiring numbers. The government declares it won’t release a full jobs report for October.
Here are some of the largest job cuts announced recently:
Verizon
In November, Verizon launched laying off more than 13,000 employees. In a staff memo announcing the cuts, CEO Dan Schulman declared that the telecommunications giant requireded to simplify operations and “reorient” the entire company.
General Motors
General Motors shiftd to lay off about 1,700 workers across manufacturing sites in Michigan and Ohio in late October, as the auto giant adjusts to slowing demand for electric vehicles. Hundreds of additional employees are reportedly slated for “temporary layoffs” at the start of next year.
Paramount
In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount plans to lay off about 2,000 employees — about 10% of its workforce. Paramount initiated roughly 1,000 of those layoffs in late October, according to a source familiar with the matter.
In November, Paramount also announced plans to eliminate 1,600 positions as part of divestitures of Televisión Federal in Argentina and Chilevision in Chile. And the company declared another 600 employees had chosen voluntary severance packages as part of a coming push to return to the office full-time.
Amazon
Amazon declared last month that it will cut about 14,000 corporate jobs, close to 4% of its workforce, as the online retail giant ramps up spconcludeing on AI while trimming costs elsewhere. A letter to employees declared most workers would be given 90 days to view for a new position internally.
UPS
United Parcel Service has disclosed about 48,000 job cuts this year as part of turnaround efforts, which arrive amid wider shifts in the company’s shipping outputs. UPS also closed daily operations at 93 leased and owned buildings during the first nine months of this year.
Tarobtain
Tarobtain in October shiftd to eliminate about 1,800 corporate positions, or about 8% of its corporate workforce globally. The retailer declared the cuts were part of wider streamlining efforts.
Nestlé
In mid-October, Nestlé declared it would be cutting 16,000 jobs globally — as part of wider cost cutting aimed at reviving its financial performance amid headwinds like rising commodity costs and U.S. imposed tariffs. The Swiss food giant declared the layoffs would take place over the next two years.
Lufthansa Group
In September, Lufthansa Group declared it would shed 4,000 jobs by 2030 — pointing to the adoption of artificial innotifyigence, digitalization and consolidating work among member airlines.
Novo Nordisk
Also in September, Danish pharmaceutical company Novo Nordisk declared it would cut 9,000 jobs, about 11% of its workforce. The company — which creates drugs like Ozempic and Wegovy — declared the layoffs were part of wider restructuring, as it works to sell more obesity and diabetes medications amid rising competition.
ConocoPhillips
Oil giant ConocoPhillips announced plans in September to lay off up to a quarter of its workforce, as part of broader efforts from the company to cut costs. Between 2,600 and 3,250 workers were expected to be impacted, with most layoffs set to take place before the conclude of 2025.
Intel
Intel has shiftd to shed thousands of jobs — with the struggling chipcreater working to revive its business. In July, CEO Lip-Bu Tan declared Intel expected to conclude the year with 75,000 “core” workers, excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees reported the conclude of last year. The company previously announced a 15% workforce reduction.
Microsoft
In May, Microsoft launched laying off about 6,000 workers across its workforce. And just months later, the tech giant declared it would be cutting 9,000 positions — marking its hugegest round of layoffs seen in more than two years. The company has cited “organizational modifys,” but the labor reductions also arrive as the company spconcludes heavily on AI.
Procter & Gamble
In June, Procter & Gamble declared it would cut up to 7,000 jobs over the next two years, 6% of the company’s global workforce. The creater of Tide detergent and Pampers diapers declared the cuts were part of a wider restructuring — also arriving amid tariff pressures.
Leave a Reply