Amazon, UPS Announce Major Layoffs

Amazon and UPS announced significant workforce reductions this week, signaling a shifting labour-market landscape. Amazon confirmed plans to cut approximately 14,000 corporate positions as it refocuses on AI, robotics and streamlined operations. Meanwhile UPS revealed it will eliminate up to 48,000 roles, including 14,000 managerial and 34,000 operational jobs, citing restructuring and cost-efficiency goals. These moves underscore broader fears of a “no-hire, no-fire” era ending, with major firms acting proactively amid macroeconomic uncertainty. Analysts say this could weigh on consumer income and spending at a time of policy sensitivity.