News Summary

• Some of the cuts included 14,000 corporate jobs at Amazon, 48,000 operational and — mostly — management positions at UPS.
• Even if you weren’t personally impacted, your wallet still might take a hit.
• People tend to delay major purchases when they fear their job could be on the line.
• When people don't feel secure in their jobs, they tend to become more sensitive to interest rates, Kristy Jiayi Xu, MBA, founder and financial advisor at Global Wealth Harbor, LLC said.