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Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently
A stalled “no-hire, no-fire” economy and rising costs have driven major companies from HP to Amazon to announce large layoffs, deepening worker anxiety.
UPS cuts 48,000 jobs in the year to date as its turnaround continues
UPS cut about 34,000 jobs and closed 93 facilities this year as part of its cost-cutting turnaround and restructuring plan.
Amazon cuts 14,000 corporate jobs as spending on artificial intelligence accelerates
Amazon will cut about 14,000 corporate jobs as it reduces bureaucracy and boosts investment in artificial intelligence.
Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost luster
Target will lay off 1,800 corporate employees, mostly in Minneapolis, as the retailer streamlines operations before a CEO transition.
