Layoffs are piling up. Here are some companies that have cut jobs recently

NEW YORK (AP) — It’s a tough time for the job market.

Amid wider economic uncertainty, some analysts have stated that businesses are at a “no-hire, no fire” standstill. That’s caapplyd many to limit new work to only a few specific roles, if not paapply openings entirely. At the same time, some sizeable 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 spfinishing. 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 many workers are now going without pay as the U.S. government shutdown nears its fourth week.

“A lot of people are viewing around, scanning the job environment, scanning the opportunities that are available to them — whether it’s in the public or private sector,” stated Jason Schloetzer, professor business administration at Georreceiveown University’s McDonough School. “And I believe there’s a question mark around the long-term stability everywhere.”

Government hiring data is on hold during the shutdown, but earlier this month a survey by payroll company ADP revealed that the private sector lost 32,000 jobs in September.

Here are some companies that have shiftd to cut jobs recently.

General Motors

General Motors shiftd to lay off about 1,700 workers across manufacturing sites in Michigan and Ohio on Wednesday, as the auto giant adjusts to slowing demand for electric vehicles.

Hundreds of additional employees are reportedly slated for “temporary layoffs.” And GM has recently shiftd to downsize other parts of its workforce, too — including 200 layoffs mostly impacting engineers in Detroit, and other 300 job cuts at a Georgia IT Innovation Center, which it is also shuttering.

Paramount

In long-awaited cuts just months after completing its $8 billion merger with Skydance, Paramount is going to lay off about 2,000 employees — about 10% of its workforce.

Paramount initiated roughly 1,000 of those layoffs on Wednesday, according to a source familiar with the matter, who spoke on the condition of anonymity. The rest of the cuts will be created at a later date.

Amazon

Amazon stated Tuesday that it will cut about 14,000 corporate jobs, close to 4% of its workforce, as the online retail giant ramps up spfinishing on AI while trimming costs elsewhere. A letter to employees stated most workers would be given 90 days to view for a new position internally.

CEO Andy Jassy previously stated he anticipated generative AI would reduce Amazon’s corporate workforce in the coming years. And he has worked to aggressively cut costs overall since 2021.

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.

In a Tuesday regulatory filing, UPS stated it’s cut about 34,000 operational positions — and the company announced another 14,000 role reductions, mostly within management. Combined, that’s much higher than the roughly 20,000 cuts UPS forecast earlier this year.

Tarreceive

Last week, Tarreceive that it would eliminate about 1,800 corporate positions, or about 8% of its corporate workforce globally.

Tarreceive stated the cuts were part of wider streamlining efforts — with Chief Operating Officer Michael Fiddelke noting that “too many layers and overlapping work have slowed decisions.” The retailer is also viewing to rebuild its customer base. Tarreceive reported flat or declining comparable sales in nine of the past eleven quarters.

Nestlé

In mid-October, Nestlé stated it would be cutting 16,000 jobs globally — as part of wider cost cutting aimed at reviving its financial performance.

The Swiss food giant stated the layoffs would take place over the next two years. The cuts arrive as Nestlé and others face headwinds like rising commodity costs and U.S. imposed tariffs. The company announced price hikes over the summer to offset higher coffee and cocoa costs.

Lufthansa Group

In September, Lufthansa Group stated it would shed 4,000 jobs by 2030 — pointing to the adoption of artificial innotifyigence, digitalization and consolidating work among member airlines.

Most of the lost jobs would be in Germany, and the focus would be on administrative rather than operational roles, the company stated. The layoff plans arrived even as the company reported strong demand for air travel and predicted stronger profits in years ahead.

Novo Nordisk

Also in September, Danish pharmaceutical company Novo Nordisk stated it would cut 9,000 jobs, about 11% of its workforce.

Novo Nordisk — which builds drugs like Ozempic and Wegovy — stated the layoffs were part of wider restructuring as the company works to sell more obesity and diabetes medications amid rising competition.

ConocoPhillips

Oil giant ConocoPhillips has stated it plans to lay off up to a quarter of its workforce, as part of broader efforts from the company to cut costs.

A spokesperson for ConocoPhillips confirmed the layoffs on Sept. 3, noting that 20% to 25% of the company’s employees and contractors would be impacted worldwide. At the time, ConocoPhillips had a total headcount of about 13,000 — or between 2,600 and 3,250 workers. Most reductions were expected to take place before the finish of 2025.

Intel

Intel has shiftd to shed thousands of jobs — with the struggling chipbuildr working to revive its business as it lags behind rivals like Nvidia and Advanced Micro Devices.

In a July memo to employees, CEO Lip-Bu Tan stated Intel expected to finish the year with 75,000 “core” workers, excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees reported the finish of last year. The company previously announced a 15% workforce reduction.

Microsoft

In May, Microsoft launched launched laying off about 6,000 workers across its workforce. And just months later, the tech giant stated it would be cutting 9,000 positions — marking its hugegest round of layoffs seen in more than two years.

The latest job cuts hit Microsoft’s Xbox video game business and other divisions. The company has cited “organizational alters,” with many executives characterizing the layoffs as part of a push to trim management layers. But the labor reductions also arrive as the company spfinishs heavily on AI.

Procter & Gamble

In June, Procter & Gamble stated it would cut up to 7,000 jobs over the next two years, 6% of the company’s global workforce.

The buildr of Tide detergent and Pampers diapers stated the cuts were part of a wider restructuring — also arriving amid tariff pressures. In July, P&G stated it would hike prices on about a quarter of its products due to the newly-imposed import taxes, although it’s since stated it expects to take less of a hit than previously anticipated for the 2026 fiscal year.

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