Here are some recent layoff announcements by major corporations. 
Layoff Announcements
UPS: UPS Cuts 48,000 Jobs in Management and Operations
UPS Quick Summary
- UPS reduced its management workforce by about 14,000 and its operational workforce by 34,000 positions.
- Restructuring efforts at UPS have generated about $2.2 billion in cost savings this year.
- Third-quarter profit and revenue declined, but results surpassed expectations, leading to a 12% premarket share rally.
GM: General Motors Lays Off Thousands of Electric-Vehicle Workers in U.S.
GM Quick Summary
- General Motors is laying off thousands of workers at electric vehicle and battery plants due to slower EV adoption.
- GM is realigning EV capacity, affecting workers across Michigan, Ohio, and Tennessee.
- Battery plants in Ohio and Tennessee will be idled in January, with production planned to resume in mid-2026.
Target: Around 1,800 jobs expected to be cut from Target HQ
Target Quick Summary
- Around 1,800 jobs expected to be cut from Target HQ on Tuesday
- Roughly 1,000 people are expected to receive layoff notices from Target’s corporate headquarters on Tuesday.
- It follows the company’s announcement last week that 1,000 team members and 800 open jobs would be cut.
- This equates to about 8% of the company’s corporate staff.
Amazon: 14,000 Corporate Layoffs, 30,000 Total
Amazon Quick Summary
- Amazon announced 14,000 job cuts, part of an expected reduction of up to 30,000 corporate jobs, or roughly 10% of its corporate workforce.
- The layoffs, affecting various units including HR and cloud computing, are a cost-cutting measure and an effort to reduce bureaucracy.
- These reductions are the largest since 2022 and aim to correct aggressive pandemic-era hiring, with AI expected to further reduce the workforce.
Global Firms Slash Jobs
Reuters reports Global firms slash jobs amid weak sentiment, AI push
According to a Reuters tally, American companies have announced more than 25,000 job cuts this month, not including UPS’s 48,000 figure, which dates from the beginning of 2025. In Europe, the total tops 20,000, with Nestlé accounting for the bulk after last week’s 16,000-role reduction.
I total 35,100 from Amazon, GM, and Target. Counting UPS, the 4-company total is 83,100.
But US happened over time. I don’t have a recent breakdown.
Help Not Wanted
The Wall Street Journal comments Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite
The nation’s largest employers have a new message for office workers: help not wanted.
Amazon.com said this week that it would cut 14,000 corporate jobs, with plans to eliminate as much as 10% of its white-collar workforce eventually. United Parcel Service said Tuesday that it had reduced its management workforce by about 14,000 positions over the past 22 months, days after the retailer Target said it would cut 1,800 corporate roles.
Earlier in October, white-collar workers from companies including Rivian Automotive, Molson Coors TAP, Booz Allen Hamilton and General Motors received pink slips—or learned that they would come soon. Added up, tens of thousands of newly laid off white-collar workers in America are entering a stagnant job market with seemingly no place for them.
The white-collar jobs on the chopping block have been roles that many American workers aspired to secure. They paid up for college credentials to qualify for an interview, then landed comfortable jobs such as human-resource managers and midlevel engineers.
Now what was once a stable position feels like a ticking time bomb, with employees who worked their way up the corporate ladder awaiting their turn for a video call announcing their last day.
Jobs that are higher-paying and require a bachelor’s degree are more exposed to AI than other positions, economists at the Federal Reserve Bank of Philadelphia found.
Mike Hoffman, chief executive of the growth advisory consulting firm SBI, said in the past six months he has cut his software-development team by 80% while productivity has surged. “We have someone managing clusters of agents that are doing coding,” he said. “Our AI writes its own Python.”
Investors are pressuring companies to streamline operations, Hoffman said, seeking head-count reductions as steep as 30%. Executives should ask themselves whether they can do so and whether it is the right thing to do, he said.
On Monday, the online-learning company Chegg said it would cut 388 jobs globally, about 45% of the workforce, as it pivots to an AI model that automatically answers students’ questions.
About 100,000 Government Workers Are Off the Payrolls as of October 1
On October 4 I noted About 100,000 Government Workers Are Off the Payrolls as of October 1
This was not reflected in the September data.
And it will not be reflected in the October data either because the BLS captured no data in October.
Nonetheless, the BLS may produce a report, but it will be even worse than the normal jobs garbage.
Powell’s Comments Today
Earlier today I noted Fed Cuts Key Interest Rate by a Quarter Point, Shutdown Obscures Data
One of the first comments Powell made in his post-FOMC speech was “Layoffs remain low.”
Does anyone disagree?
I’m sure it will be fine, all those unemployed now have the time to develop their AI prompt skills so they can…….ummmm, Im waiting for the AI to respond, I’ll get back to you.
Obviously AI has not helped HR get its shlt together.
BULLISH
The government and stock market push and $$$$ for Ai is now showing up at the unemployment lines.
I think we have a great opportunity for innovation when AI fails to realize its predicted ‘quadrillion$$$’ value. However, all the money being poured into AI, from chips to power stations has not been wasted. The computational power can still be put to good use entertaining the unemployed.
I envision virtual-life centers, taking the artificiality of Facebook etc to a new level, and paid for by SNAP/EBT.
Imagine, a 21st- century holo-deck…. your living room becomes a VR space of your choosing. You can create your virtual employment, recreation, entertainment etc anywhere in the world, or pure fantasy, all without leaving home. Of course, the primary use will be pornographic, which has vast cash-flow possibilities.
Second Life does all of the above.
If millions of jobs are cut, and all that income-tax money disappears, who funds the government? Will it also shrink massively?
Tariffs like in the 1890’s before the income tax. And yes, big gov still has to shrink.
AI will be the government. It’s robot workers will perform all work. Everything will be free. No government funding needed.
Obama appointed the CEO of GM with their bailout. Just saying.
At the time, execs from GM, Ford etc went to DC to ask the Fed govt to ‘guarantee’ their warranties on vehicles. People were not buying vehicles because they were afraid the warranties would be voided in the event of bankruptcy.
Bankruptcy was not an issue for GM, having completely renewed the complete line of vehicles under Bob Lutz as Senior VP. They were NOT asking for a bailout. All they needed was public confidence to be restored in the warranty. At the meeting, Obama ridiculed the company for products like the Hummer, a best seller and a major profit maker. Obama and cronies decimated the company, stripping off profitable lines like Pontiac for ‘social’ reasons.
What Democrats did to the GM shareholders and bond holders was inexcusable, and contrary to accepted common law.
Just saying…
Ford didn’t ask for a bailout. Nor did they leave their legacy environmental liabilities to the taxpayers, as they had addressed / remediated those all along the way, including some current high-end real estate in California on former Superfund sites. It wasn’t all about the cars, though if I was the Ford CEO I would have anticipated the first question from the idiots in Congress about how they travelled to DC. A Fusion Hybrid would have been fine for me.
I don’t have a thing about the GM stockholders or bondholders either way.
To what extent were each of the Big 3 on the hook for collapsing auto (and other consumer) loans, specifically derivatives?
Yep. The pennies for the bondholders put some retirees on scary ground.
And, Hell, we haven’t even gotten to AGI yet.
When the AI can self-learn & is more intelligent than any human, what happens then?
And that’s supposed to happen by 2027.
Is AI just a cover for massive layoffs that were necessary anyway?
Bingo. Amazon more than doubled its headcount during the pandemic (2020 through 2021). Now they are realizing they have too many folks on the payroll.
That’s usually the reason.
Looks like 2008 all over again. At least that is the last time I saw layoff numbers like this. The market seems to love it, but impoverishing your customer base will not work out well. Eventually those revenue numbers are going to drop as consumer spending dries up. We are already seeing that in the car market and the real estate market. UPS just announced 48,000 layoffs, before the holiday season no less. Construction jobs are drying up. This looks like an economy in the early stages of a free fall collapse.
Look on the positive side. Unemployment has great potential to engage in personal development. /sarc
It’s called the Trumpocalypse™
The art of the deal from outside the US…gold crown fro S Korea, praise from Xi…they have his number…
Q: Any additional investments from China into the US?
Trump: They have investments and they will invest. I think they feel very strongly. They congratulated me on the tremendous success we’ve had. He was very strong on congratulating me.
Q: But he didn’t commit to any additional investment?
Trump: We didn’t really discuss it.
Hooray! I’m going to get to sell my farmland at a premium price to the communist Chinese.
Amazon makes sense, GM fell for the early EV scam, Target went Woke, and UPS has been losing money forever, so it’s all very late to happen, and expected years ago in some cases…
I agree, but in all of these companies, some of the headcount reductions are due to AI, Amazon probably more than the others combined.
At some point, Congress is going to have to force companies to report which jobs are being eliminated due to AI in order to understand the speed & scale of what’s happening.
There’s a massacre coming, and corporations, government & the workers aren’t prepared for how to deal with it.
Which EV scam are you referring to? GM was doing EVs in the 1990s. See here: https://en.wikipedia.org/wiki/General_Motors_EV1. IT developed out of the solar car program. The initial batteries were lead-acid, then switching to nickel-metal-hydride. Lithium was not on the radar. However, the EV1 did inspire Tesla and others.
The EV1 was terminated for a number of reasons–technical issues primarily, but the charging problem was key.
Instead, GM looked to other technologies better suited to transportation, eg the hydrogen fuel cell. Following the success of the Prius, GM soon came out with the Chevrolet Volt, with sales beginning in 2010. It was a difficult start with the mass media decimating the vehicle and lauding the Prius–although the Volt was recognized as the superior vehicle by the automotive industry.
General Motors had grandiose ambitions to morph its Orion Assembly plant into an EV-only site. To do so, roughly $4 billion was being invested in the site,
Looking forward to when AI turns on the Investors.
The two sides will not compromise. Empty shelves and food shortages – feeding your hungry children is more important than tp to clean your ass – or rotten tomatoes in the supermarkets for the lack of SNAP.
The thing about cutting SNAP is that it ends up hurting farmers and ranchers again. No snap mean no one is buying veggies, fruits or meats so it’s a double whammy of tariffs and no SNAP.
Oh those farmers & ranchers are reaping what they’ve sown. Bankruptcy coming right up, karma and sweet poetic justice served.
Na, SNAP in weekly instalments. Most governors will credit themselves as saints who saved our hungry children. The question is: panic first, empty shelves, higher food inflation, before deflation. Trump clearly has the skills to run the relationship between the superstates. He spanked China and the Europeans and got away with that. The next ones might not be able to stir the ship in a stormy weather. There are two trading groups in the stock markets. Those who rode on the mag 7 trade to reach their targets and the donkeys who stayed behind. The spread between them will shrink.
No SNAP means rotting shelves. But anyway.
We know you hate farmers, but they’ll be OK. Donations to food shelves will go up. Last week at my church (3/4 Hispanic) they gave away broccoli and watermelons donated by a farmer and distributor. People will eat oatmeal instead of Lucky Charms. They’ll make spaghetti instead of pizza rolls. People who aren’t getting their SNAP will use what money they have to buy more vegetables and less highly-processed foods. A bag of apples and skip the Fruit Roll-Ups. This will have almost no effect on farmers. It will affect (a little) the name-brand highly processed food manufacturers. It will suppress fast food sales.
I don’t hate farmers, I hate farmer’s socialism. These clowns voted for Trump then are begging for bailouts all while telling us they hate socialism and are self-made independent rugged individualists.
If they were going to be “ok” they wouldn’t be begging for government bailouts.
You cannot have food security unless you have farmer socialism. It’s a weather thing, and the “hoax” is making it even more mandatory.
Then government should simply take over and control it all. What I hate is privatizing the gains and socializing the losses. This is true for farmers as well as bankers. I’m really tired of all this sh!t that we all know doesn’t work well in the end.
Just go back to how it was before Trump, when life was just a bowl of cherries – and no ag subsidies, either.
It’s fall, so U.S. grown veggies are a long way away. Good time for Mexico to stop produce shipments until all tariffs are eliminated, and then to raise prices. Highly processed foods come from… a farm.
Except for the veggies that were canned or frozen and are sitting on shelves.
People turned to canned goods when times get tough. Also pasta, rice & beans can be stretched out.
Fresh produce will appear more of a luxury.
Wishful thinking. Apple buyers are not big consumers of fruit roll-ups. I don’t know why.
The average BMI in the U.S. could use a 10 point drop.
What percentage of SNAP shoppers buys significant quantities of veggies, fruits or meats?
Only 1 Side holding things up (for ransom no less), while the other side is unanimous to get things going! Fools Vs. intelligence so who will lose? Duh!
General Account: $908B plus tariffs: $1.3T to pay, or partially pay, the military, ICE, FBI, the traffic controllers…and SNAP. A smaller gov, lower interest rates tariffs…Anti Martingale ==> to reduce Chuck, Hakeem, Mamdani, AOC and Bernie. Trump can get along with his opponents: Xi, Gavin, Hochul, Pritzker…If wall street gangs have reached their targets. SPX will drop. Dec cut is a surefire.
You MISS the whole point… “Open” the government” problems solved. 100% Open Via Republicans and 3% Open Via Democrats…
NYC Nov 4 election is a weeks from today. Negotiations will start soon.
Dead wrong. But anyway.
How? Where?
How hard is it to grow tomatoes?
It is very hard to keep fresh tomatoes on shelves 24 and 7.
Aldi: a pack of 5 tomatoes for $2.84. I steam two, add to an anti oxy paste: Greek yogurt, evoo, garlic, onions, turmeric and b. pepper for a booster, salt and parsley. I add it to a salad. Dr Ralph Moss searched for fruits and veggies to fight his prostate cancer without pharma. His utube blogs and book are part of a defensive med I use.
The freeze killed midwest tomatoes growers for two years in a row, but it’s 80F in Sacramento CA.
The goofy commies at the Guardian paper report: “For Silicon Valley, AI isn’t just about replacing some jobs. It’s about replacing all of them.”
https://www.theguardian.com/commentisfree/2025/may/12/for-silicon-valley-ai-isnt-just-about-replacing-some-jobs-its-about-replacing-all-of-them
I’ve become so attached to my DoorDash delivery guy; I’m going to be really broken up when he’s replaced by robot. Oh well…
Great job Trump.
I have posted this before regarding the job ramifications due to implementing AI. Time well spent to watch this interview.
https://www.youtube.com/watch?v=giT0ytynSqg
I guess this is the admission that the economy is broke
Massive layoffs in retail and delivery white collar before the most commercial of seasons
This is the clearest indication that the future is here and you’re gonna hate the fallout
“…the future is uncertain and the end is always near…”
Jobs!!
donOld tweets that the nuke sub for South Korea will be built in “Philadelphia Shipyards”
except, There’s no naval shipyard in Philadelphia at all, let alone one that can handle the specialized needs of submarines, or of building nuclear propulsion systems.
gramps is tired
Looks as if Rhoads will be building some of the submarines. Sun Shipbuilding used to build ships in Philly, but they shut down a few years ago.
https://6abc.com/post/company-invest-100-million-submarine-building-philadelphia-navy-yard/16938858/
Laying off people and paying them NOT to show up for the next 2 months seems like a waste of money. Keep them on board producing something until WARN allows a company to finally show employers the door without penalty. I guess there is too much business risk of creating a toxic work environment allowing speculation and anxiety to fester for 2 months.
Fear of sabotage and theft of IP is what drives the instant layoff. Not to mention the fear of substandard products that might be produced.
Granted I worked at a chemical plant where sabotage could range from million dollar repairs to evacuating the nearby town. The Chinese were actively trying to break into the servers to get information.
I quite understand the logic even though it is somewhat cruel.
When will our tech overlords start handing out the free money in a job-free future?
I retired 10 years ago, I wish I could have had free money and been job free the last 40 years. I thought I loved working until I retired and discovered what that was like. The only problem is I’m now too old to do so many of the things I might have done had I had the time when I was younger.
Wonder about viruses and such in the ai world.
LOL wonder about the AI wars not against humans but against other AI warlords. US AI against Japan AI and China AI against European AI. Time to write that SF book but I guess it’s been done already.
Taconomics is escalating.
1970s stagflation with a dose of 1930s smoot hawley tariff idiocy……..pax dumbfuckistan is just another crumbling empire.
Sales are WAY off. The inflationary depression is well dug in.
Inflated Amazon, UPS, etc. are dumping staff BEFORE the xmas season!
The minions of dubiously credentialed white collared parasites are actually counter productive at this point. Nearly all product, service, and incentive ‘improvements’ have infuriated consumers even more.
Even AI can see that thrift and simplicity are what is needed now. All that extra stuff and sales pitching appeals to NOBODY.
The tone deaf, non producing investor class can still inflate their way to riches for now, but there is no reason to keep up actual work in this economy.
There will be a need for more dole workers as more folks retire poor and families struggle. The dole system needs streamlining and better policing to serve the many instead of the few.
And yet Google, who everyone thought would be seriously hurt by the new AI search engines, just announced its first $100 billion quarter!
Analyst just laid off from Amazon. We knew they were all-in on AI but it had gotten to the point that it is all they care about.
So then the big nasty gets to be to whom goes those AI rewards? You know, like the scumbag boss who’s been taking our weekly AI projects to likely run up his flagpole. It’s going to be who can control the AI assets that is rewarded – FURTHER DISTANCING WORKERS FROM THE FRUITS OF THEIR LABOR.
To me this is the next – and big- iteration of worker debasement. Hey, I’m a CFA MBA Capitalist – but I haven’t liked Corporate America for a long time. It only gets worse. Exploit or be exploited.
AI is absolutely unstoppable and non controllable. Humanity is changing for ever. The only option short to medium term is to own assets (e.g stocks). Long term, a kind of communism will probably be implemented forcefully and I believe in the end AI will get rid of useless humans. This is probably how all intelligent life dies in the Universe. We had 7,000 years of “civilization”, not bad. This is over. AI will live for much much longer.
What happened to all those “worker shortage” and “huge raises” stories? Haven’t seen one of those in a while.
What happened to those “learn to code” stories where it’s so easy to get a job if you have the right skills? Any idea what the tech job market is like nowadays?
What happened to those “$150 an hour” tradesmen raking in the dough and driving around in limos?
Speaking of fictitious $150 an hour workers, UPS drivers got a flat 75 cent an hour annual raise in 2025 and there was no COLA. Add them to the list of workers falling behind due to inflation.
Trump happened.
Trump put a lot of bowling alleys out of business, too.
Computer programming is one of the fastest disappearing jobs on the planet. AI is taking over this field at a rapid pace.
My days as a programmer involve telling AI what to do and checking what it did. That is, AI is like the junior programmer that won’t be hired out of college. I and my colleagues are fully aware that we are the last generation of well paid programmers, if there’s another generation after us.
Despite all of this, there is still a worker shortage, as evidenced by the still-low unemployment rate and low initial claims for unemployment.
It’s conspiracy theory time.
Trump firing/laying off gov workers, shutting down government, cutting SNAP benefits, increasing healthcare insurance premiums, airports shutting down, ICE gestapo and threats of military use in cities all seemed designed to start riots across America.
Trump declares martial law, cancels midterms and names himself President for life. The best case scenario is a global depression.
Got exit strategy? Time is running out.
He will get support from his buddy Putin.
He can change his name to Poutine and take over Canada
50 state solution is on the menu in the next few years. we’ll go back to the pre 1860 setup. your exit strategy is genius. i have one too. passports and assets overseas. i’m hoping the town and state i’m in will be just fine without the albatross of the evil federal empire of debt and world wide warfare. lots of rich folks
Do you think it will be better elsewhere ? USA is the last hope. Canada is lost in extreme left, as most European countries. Maybe Argentina.
Canada is one of the fastest growing countries in the world. Fueled mostly by the immigration of highly intelligent people from Asia who see the US as being exceedingly racist. For example, the extreme rightwing in the US wants the US to have population growth. By taking away white women’s right to vote, and forcing them to get pregnant and give birth. It’s so romantic. The “grab them by the p___y” policy.
Sounds like a woketard ^
I’m in Canada, this comment is 100% buĺl excrement. The Canadian economy is in freefalll, and the bottom is far below yet.
Clearly you haven’t traveled the world recently. Try to get out sometime or at the very least watch some YouTube videos.
Nomad Capitalist has a “live like a king” series on various countries.
https://www.youtube.com/results?search_query=Nomad%20capitalist%20live%20like%20a%20king
The level of deep nationalist indoctrination around here is staggering sometimes and if you are too brainwashed to believe anywhere else in the world is isn’t better then stay where you’re at and you be you.
And if you like your great depression, you can keep your great depression.
Does anyone really believe The Professor would make a boat as long as Ginger and Maryann were on the island?
You will get kicked out eventually. Locals see through all the financial bs, and colonialism is increasingly unwelcomed, and rarely accepted. It is better to strengthen your local community instead of destroy it and taking the money and running.
‘A colony of the US’: Argentinians contemplate future after Trump-backed Milei coasts to victory
https://www.theguardian.com/world/2025/oct/29/a-colony-of-the-us-argentinians-contemplate-future-after-trump-backed-milei-coasts-to-victory
“You will get kicked out eventually.”
No, I won’t. I already have homes overseas and I’ve never been asked to leave. But you go ahead and enjoy your upcoming misery: no medicare, no social security, out of control inflation, and gun violence.
You haven’t made the jump yet. Still a tourist.
What are you talking about? This used to be an economic forum. Now it’s a cesspool of political nonsense.
NEWSFLASH for the idiots out there. politics is economics. always has been. in fact in most of history stock markets have pulled back when news of peace might happen. war is good for business. invest your sons. i do the like folks that post their stock picks. hat tip poppa dave. i loaded up on financials and infrastructure global plays. and gold.
Non sense. Trump is not responsible for AI carnage. He just announced he will not run for a third term.
That’s a head fake.
He won’t be running because either he will declare martial law and like putin, assume the title of President for life OR Vance or Rubio will run with the understanding that Trump will be the public face and will make the decisions.
Locals always get tired of the non vested newcomer group that claims no allegiance to any country or state, and pushes their finances around. It can only be hidden for so long and the parasite gets kicked out of the host nation. It is not happenstance that we have geographical races and languages. Even if you have children with a local, within a generation they will breed your DNA out of the gene pool.
Tariff is finishing up America.
AI:
Jobs that are higher-paying and require a bachelor’s degree are more exposed to AI than other positions, economists at the Federal Reserve Bank of Philadelphia found.
Mike Hoffman, chief executive of the growth advisory consulting firm SBI, said in the past six months he has cut his software-development team by 80% while productivity has surged. “We have someone managing clusters of agents that are doing coding,” he said. “Our AI writes its own Python.”
Autonomous cars and humanoid robots will take out the other end of job market.