Major Companies Implementing Significant Layoffs in 2024: From Amazon to P&G

Oct 29, 2025 04:33 am CST

In 2024, numerous major corporations including Amazon, UPS, Target, and Microsoft have announced substantial workforce reductions, with Amazon cutting 14,000 corporate jobs alone. These layoffs reflect broader economic uncertainties, increased AI investments, rising operational costs from new tariffs, and corporate restructuring efforts. Many companies are redirecting resources from employment to infrastructure investments, creating significant anxiety across various sectors as workers face an increasingly unstable job market.