NEW YORK -- As layoffs pile up, workers are feeling increasingly anxious about the job market.In the U.S., economists have said that businesses are largely at a “no-hire, no fire” standstill, leading many to limit new work, if not pause openings entirely amid economic uncertainty.Hiring has stagnated overall — with the country adding a meager 50,000 jobs last month, down from a revised figure of 56,000 in November.But 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 outlook on the U.S.economy recently plummeted to its lowest level since 2014.
At the same time, some businesses are reducing their workforces as they redirect money to artificial intelligence, often baked into wider corporate restructuring.Here are a few of the largest job cuts announced recently.E-commerce giant Amazon slashed about 16,000 corporate roles on Wednesday — just three months after laying off another 14,000 workers.In its latest round of layoffs, Amazon cited restructuring aimed at “removing bureaucracy" in its operations, but the cuts also arrive as the company continues to ramp up spending on AI.
CEO Andy Jassy previously said that he anticipated generative AI to reduce Amazon's corporate workforce.On Tuesday, United Parcel Service said it plans to cut up to 30,000 operational jobs this year — notably as the package company continues to reduce the number of Amazon shipments it handles amid wider turnaround efforts.UPS said these cuts will be made through a voluntary buyout offer for full-time drivers and attrition.
The reductions come on top of a combined 48,000 job cuts that the company disclosed in 2025.Late last year, Tyson Foods said it would be closing a plant that employed 3,200 people in Lexington, Nebraska — bringing job losses for nearl...