Live Market Updates
Latest Financial News
News Feed
1 articles
Personalized
Live Market Updates
Latest Financial News
cautious
19h agoGlobal firms ramp up job-cuts amid AI push and softening demand
Major global companies announced large layoffs today, signalling a broader shift in labour markets: Amazon plans to cut up to 14,000 roles (with potential for more), while Nestlé and others slashed 16,000+ jobs. Firms cite weakening consumer demand and accelerating automation via AI as key drivers. Economists warn this could erode the “no-hire, no-fire” pattern seen earlier this year and dampen household income and spending. The trend raises questions for Federal Reserve policy as labour-market strength becomes less robust.
cautious
19h agoGlobal firms ramp up job-cuts amid AI push and softening demand
Major global companies announced large layoffs today, signalling a broader shift in labour markets: Amazon plans to cut up to 14,000 roles (with potential for more), while Nestlé and others slashed 16,000+ jobs. Firms cite weakening consumer demand and accelerating automation via AI as key drivers. Economists warn this could erode the “no-hire, no-fire” pattern seen earlier this year and dampen household income and spending. The trend raises questions for Federal Reserve policy as labour-market strength becomes less robust.
cautious
Global firms ramp up job-cuts amid AI push and softening demand
about 19 hours ago
1 min read
79 words
Global employers announced tens of thousands of job-cuts tied to an AI push and fading demand, raising concerns for labour markets and Fed policy.
Major global companies announced large layoffs today, signalling a broader shift in labour markets: Amazon plans to cut up to 14,000 roles (with potential for more), while Nestlé and others slashed 16,000+ jobs. Firms cite weakening consumer demand and accelerating automation via AI as key drivers. Economists warn this could erode the “no-hire, no-fire” pattern seen earlier this year and dampen household income and spending. The trend raises questions for Federal Reserve policy as labour-market strength becomes less robust.
Major global companies announced large layoffs today, signalling a broader shift in labour markets: Amazon plans to cut up to 14,000 roles (with potential for more), while Nestlé and others slashed 16,000+ jobs. Firms cite weakening consumer demand and accelerating automation via AI as key drivers. Economists warn this could erode the “no-hire, no-fire” pattern seen earlier this year and dampen household income and spending. The trend raises questions for Federal Reserve policy as labour-market strength becomes less robust.
Tags:
global
jobs
global
jobs
AI
technology
economy
Oct 29, 2025 • 06:26 IST