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7h agoGlobal firms increase job cuts amid weak sentiment and AI push
Across the globe, major companies from Amazon to Nestlé and UPS have ramped up layoffs, with a Reuters tally showing more than 25,000 job cuts announced in the U.S. this month and over 20,000 in Europe. Many of the reductions are tied to automation and artificial-intelligence deployment rather than cyclical downturns. Executives said dim consumer sentiment and elevated costs are prompting structural shifts rather than temporary adjustments. Analysts say the trend could signal deeper labour-market softening ahead.
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negative
7h agoGlobal firms increase job cuts amid weak sentiment and AI push
Across the globe, major companies from Amazon to Nestlé and UPS have ramped up layoffs, with a Reuters tally showing more than 25,000 job cuts announced in the U.S. this month and over 20,000 in Europe. Many of the reductions are tied to automation and artificial-intelligence deployment rather than cyclical downturns. Executives said dim consumer sentiment and elevated costs are prompting structural shifts rather than temporary adjustments. Analysts say the trend could signal deeper labour-market softening ahead.
Explore:Mutual Fund Screening
negative
Global firms increase job cuts amid weak sentiment and AI push
about 7 hours ago
1 min read
77 words
Global blue-chips announce over 45,000 job cuts this month as AI and cost pressures drive structural workforce changes.
Across the globe, major companies from Amazon to Nestlé and UPS have ramped up layoffs, with a Reuters tally showing more than 25,000 job cuts announced in the U.S. this month and over 20,000 in Europe. Many of the reductions are tied to automation and artificial-intelligence deployment rather than cyclical downturns. Executives said dim consumer sentiment and elevated costs are prompting structural shifts rather than temporary adjustments. Analysts say the trend could signal deeper labour-market softening ahead.
Across the globe, major companies from Amazon to Nestlé and UPS have ramped up layoffs, with a Reuters tally showing more than 25,000 job cuts announced in the U.S. this month and over 20,000 in Europe. Many of the reductions are tied to automation and artificial-intelligence deployment rather than cyclical downturns. Executives said dim consumer sentiment and elevated costs are prompting structural shifts rather than temporary adjustments. Analysts say the trend could signal deeper labour-market softening ahead.
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economy
global
economy
global
corporate strategy
jobs
ai
Oct 29, 2025 • 21:21 IST
