workforce automation
Global Companies Accelerate Job Cuts as AI Investments Drive Corporate Restructuring
Oct 29, 2025 07:31 pm CST
Major corporations worldwide are implementing significant workforce reductions as they seek returns on massive AI investments. Companies like Amazon, Nestle, and Target are focusing on white-collar positions vulnerable to automation, with over 45,000 jobs announced to be cut in October alone. While current data doesn't show a surge in layoffs, economists describe the labor market as stuck in a concerning "low-hiring, low-firing" phase that could potentially deteriorate further.
Amazon Lays Off Thousands of Employees Through Early-Morning Text Messages Amid AI-Driven Restructuring
Oct 29, 2025 03:31 pm CST
Thousands of Amazon employees received unexpected termination notices via text messages early Tuesday morning as part of the company's 14,000-position cut to focus on AI innovation. Despite strong business performance, the tech giant joins Microsoft and Meta in reducing workforce while expanding artificial intelligence capabilities, offering affected employees 90 days of pay plus severance packages.