"No hire, no fire" job market may no longer be a thing as big companies announce mass layoffs

Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.

Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

The latest job cuts hit Microsoft’s Xbox video game business and other divisions. The company has cited “organizational changes,” with many executives characterizing the layoffs as part of a push to trim management layers. But the labor reductions also arrive as the company spends heavily on AI.

UPS has cut 34,000 jobs — a lot more than planned — and earnings show the move paid off

UPS’s stock looked to surge after the company announced it beat profits by the widest margin in more than four years.

Target cuts 1,000 jobs, eliminates hundreds of open roles

Incoming CEO Michael Fiddelke leads Target's restructuring effort to reduce complexity and speed decision-making, cutting 8% of global headquarters team positions.

UPS cut nearly 48,000 jobs in 2025, more than initial expectations

Delivery company United Parcel Service reported higher-than-expected earnings but bigger job cuts in its business turnaround goals.

'Think big': A 35-year finance veteran urges Gen Z to start their own businesses as entry-level jobs dry up

City of London veteran Quentin Nason says Gen Z should "think big" and turn to entrepreneurship as AI and automation shrink entry-level career paths.

UPS cuts 34,000 jobs in the year to date as its turnaround continues

United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 34,000 job cuts
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