{"id":5659,"date":"2025-10-29T08:17:14","date_gmt":"2025-10-29T08:17:14","guid":{"rendered":"https:\/\/prepsaret.com\/news\/?p=5659"},"modified":"2025-10-29T08:17:14","modified_gmt":"2025-10-29T08:17:14","slug":"global-giants-slash-jobs-as-ai-and-economic-gloom-reshape-the-workforce","status":"publish","type":"post","link":"https:\/\/prepsaret.com\/news\/global-giants-slash-jobs-as-ai-and-economic-gloom-reshape-the-workforce\/","title":{"rendered":"Global Giants Slash Jobs as AI and Economic Gloom Reshape the Workforce"},"content":{"rendered":"<p><b>Key Points:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Major firms like Amazon, Nestl\u00e9, and UPS announce large-scale layoffs amid weak global sentiment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">White-collar roles face the highest risk as AI-driven automation accelerates.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Executives face mounting pressure to prove that massive AI investments are paying off.<\/span><\/li>\n<\/ul>\n<h3><b>Global Layoffs Surge Amid Economic Slowdown<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Companies worldwide are tightening their belts, with industry leaders from <a href=\"https:\/\/prepsaret.com\/news\/amazon-to-lay-off-14000-corporate-employees-as-ai-transforms-its-workforce\/\" target=\"_blank\" rel=\"noopener\">Amazon<\/a> to Nestl\u00e9 and UPS announcing sweeping job cuts. Weakened consumer sentiment, cautious corporate spending, and the accelerating use of artificial intelligence are driving this wave of layoffs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to a Reuters tally, American companies have announced over 25,000 job cuts in October alone, excluding UPS\u2019s earlier 48,000 layoffs at the start of 2025. In Europe, the figure exceeds 20,000, with <a href=\"https:\/\/www.nestle.com\/\" target=\"_blank\" rel=\"noopener\">Nestl\u00e9<\/a> responsible for the majority following a 16,000-role reduction last week.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The timing of these <a href=\"https:\/\/prepsaret.com\/news\/trump-administration-layoffs-threaten-federal-student-protections\/\" target=\"_blank\" rel=\"noopener\">layoffs<\/a> is drawing even greater scrutiny as the U.S. government remains in its second-longest shutdown, leaving official economic data gaps. \u201cInvestors are asking themselves what this means since we can\u2019t see the full picture,\u201d said Adam Sarhan, CEO of 50 Park Investments. \u201cMass layoffs usually point to a slowing economy, not a strengthening one.\u201d<\/span><\/p>\n<p><strong>Read also:<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/prepsaret.com\/news\/u-s-weekly-jobless-claims-rise-amid-ongoing-government-shutdown\/\" target=\"_blank\" rel=\"noopener\"><strong>US weekly jobless claims increased amid government shutdown<\/strong><\/a><\/li>\n<li><a href=\"https:\/\/prepsaret.com\/shrm\/walmart-bonuses-for-hourly-employees\" target=\"_blank\" rel=\"noopener\"><strong>Walmart Bonuses for Hourly Employees<\/strong><\/a><\/li>\n<\/ul>\n<h3><b>AI Push and Leadership Restructuring Drive Cuts<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Amazon is leading the charge with plans to cut up to 14,000 corporate roles, with some reports suggesting the total could reach 30,000. Target, Procter &amp; Gamble, and Carter\u2019s have also announced significant workforce reductions, mainly targeting white-collar jobs vulnerable to automation.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Target\u2019s cuts will affect 8% of its office staff, while Carter\u2019s plans to eliminate 15% of corporate <a href=\"https:\/\/prepsaret.com\/comptia\/comptia-casp-for-military-and-government-roles\" target=\"_blank\" rel=\"noopener\">roles<\/a>, partly due to import tariffs imposed by U.S. President Donald Trump.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Analysts say the focus on office roles reflects a deeper shift as companies look to justify billions spent on AI technologies. KPMG\u2019s latest executive survey shows a 14% jump in projected AI investment since the first quarter, averaging $130 million per company over the next year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">About 78% of executives report intense pressure from boards and investors to prove AI\u2019s ability to cut costs and increase profits. Despite the high-profile announcements, economists note that most firms remain in a \u201clow-hiring, low-firing\u201d phase, often reducing staff quietly by leaving vacant positions unfilled.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Allison Shrivastava, an economist at Indeed Hiring Lab, describes the current climate as a \u201chold-your-breath\u201d moment, where firms cautiously navigate economic uncertainty while balancing human jobs against the growing influence of artificial intelligence.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Points: Major firms like Amazon, Nestl\u00e9, and UPS announce large-scale layoffs amid weak global sentiment. White-collar roles face the highest risk as AI-driven automation accelerates. Executives face mounting pressure to prove that massive AI investments are paying off. Global Layoffs Surge Amid Economic Slowdown Companies worldwide are tightening their belts, with industry leaders from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5661,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[334],"tags":[],"class_list":["post-5659","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hr-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global Giants Slash Jobs as AI and Economic Gloom Reshape the Workforce<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prepsaret.com\/news\/global-giants-slash-jobs-as-ai-and-economic-gloom-reshape-the-workforce\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Giants Slash Jobs as AI and Economic Gloom Reshape the Workforce\" \/>\n<meta property=\"og:description\" content=\"Key Points: Major firms like Amazon, Nestl\u00e9, and UPS announce large-scale layoffs amid weak global sentiment. 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