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.