Reported about 22 hours ago
Major companies including Amazon, UPS, and Target are announcing significant layoffs as the economy grapples with uncertainty, AI advancements, and rising global tensions. Amazon plans to cut around 14,000 positions, while UPS and Target are reducing their workforces by tens of thousands and 1,800 roles respectively. Even companies seen as successful in the AI landscape, like Meta, are not immune, highlighting a challenging job market where the long-term unemployed rate is at a three-year high.
Source: YAHOO