Big US companies have this week revealed plans to lay off tens of thousands of workers, in the latest sign of how employers are trimming their workforces after years of robust hiring.
Amazon, UPS, Dow, Nike, Home Depot and other companies said they would eliminate more than 52,000 jobs combined, with several saying they needed to slim their organisations amid lingering economic uncertainty and mounting pressure to invest in AI.
The latest batch of lay-offs was concentrated among a small group of large companies, but it highlights concerns from some policymakers at the Federal Reserve and private economists that the once red-hot jobs market is weakening.
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