Amazon, Nestlé and UPS Cut Tens of Thousands of Jobs as Efficiency Demands Grow
According to Reuters, major global corporations are announcing large-scale layoffs as economic growth slows and the AI investment race intensifies pressure on profit margins. Giants such as Amazon, Nestlé, and UPS have each revealed plans for thousands of job cuts, signaling a fundamental shift in corporate strategy.
In the United States, companies announced over 25,000 layoffs in October, in addition to 48,000 jobs eliminated by UPS earlier this year.
Read full article here: turnovernews.com
Read also: Amazon to Lay Off 30,000 Employees by Email, Citing AI Automation Plans
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