"No hire, no fire" job market may no longer be a thing as big companies announce mass layoffs

Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.

Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill.

UPS cut nearly 48,000 jobs in 2025, more than initial expectations

Delivery company United Parcel Service reported higher-than-expected earnings but bigger job cuts in its business turnaround goals.

GM Lays Off Hundreds After Saying Business Is Going Great

In response to strong sales, GM has increased its automotive operating cash flow guidance for 2025 to $19.2 billion to $21.2 billion, up from an estimated $17 billion to $20.5 billion.

'Think big': A 35-year finance veteran urges Gen Z to start their own businesses as entry-level jobs dry up

City of London veteran Quentin Nason says Gen Z should "think big" and turn to entrepreneurship as AI and automation shrink entry-level career paths.

UPS cuts 34,000 jobs in the year to date as its turnaround continues

United Parcel Service posted third-quarter results that handily beat Wall Street’s expectations and gave details about its turnaround efforts, including approximately 34,000 job cuts

Amazon set to announce widespread layoffs, reports say

The impending corporate layoffs amount to the largest such job reduction in the company's history, CNBC and Reuters reported, citing anonymous sources.Start the day smarter. Get all the news you need in your inbox each morning.

UPS cut more jobs than expected this year, shrinking its operational workforce by 34,000 with layoffs and buyouts

UPS cut about 34,000 positions this year, the company said in its third-quarter earnings report. It had said it planned to cut 20,000 jobs.
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