In the #News #Economy #Politics - Layoffs Increasing, So Unemployment Will Rise
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Layoffs Increasing, So Unemployment Will Rise
In 2025, mass layoffs persist across industries including tech, finance, media, manufacturing, retail, energy, and automotive, driven by restructuring, cost-cutting, and the rise of automation and AI. The World Economic Forum predicts 41% of global companies will reduce staff within five years due to AI, though AI and data-related tech jobs may double by 2030. Major corporations cutting jobs include Microsoft (≈15,000), Meta (600+), Intel (5,000+), CNN (200), Disney (hundreds), BlackRock (200), Morgan Stanley (≈2,000), Chevron (up to 9,000), Nissan (20,000), Adidas (500), and UPS (20,000), among others. Tens of thousands of jobs are being eliminated globally as companies, even those with strong profits like Adidas and Meta, streamline operations to stay competitive in a tech-driven economy.
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$AMZN – AMAZON TARGETS AS MANY AS 30,000 JOB CUTS – SOURCES
AMAZON JOB CUTS TO BEGIN TUESDAY -SOURCES
— *Walter Bloomberg (@DeItaone) October 27, 2025
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Source: http://www.edegrootinsights.com/2025/10/in-news-economy-politics-layoffs.html
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