Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
News Source : Associated Press
News Summary
- Some companies have pointed to rising operational costs spanning from President Donald Trump’s barrage of new tariffs and shifts in consumer spending.
- General Motors moved to lay off about 1,700 workers across manufacturing sites in Michigan and Ohio on Wednesday.
- Amazon said Tuesday that it will cut about 14,000 corporate jobs, close to 4% of its workforce, as the online retail giant ramps up spending on artificial intelligence.
- United Parcel Service has disclosed about 48,000 job cuts this year as part of turnaround efforts.
NEW YORK (AP) Its a tough time for the job market.Amid wider economic uncertainty, some analysts have said that businesses are at a nohire, no fire standstill. Thats caused many to limit new work [+6355 chars]
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