Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
Update: 2025-11-04
Description
In a tough new reality for corporate America, tens of thousands of white-collar jobs are being cut, with big companies like Amazon, UPS, and Target announcing layoffs. While AI and automation may eventually replace certain tasks, most of these cuts are due to companies looking to save money and adapt to changing business models. The changing economy, with persistent inflation and higher interest rates, is also a big factor. Employees worry about their futures, while the stock market remains near record highs due to investors betting on AI-powered companies. These cuts could signal a bigger shift in the workplace, with employees needing to update their skills to keep up.
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