1.6 million U.S. workers are laid off monthly in 2025, as per the Bureau of Labor Statistics. Target announced 1,800 job cuts, Amazon laid off 14,000, and UPS cut 48,000 jobs. Voluntary separations remain steady at 3.1 million, with fewer resignations in blue-collar industries. White-collar workers face AI-related layoffs.
Chegg cut 388 jobs due to AI competition, with declining revenue. The company sued Google for AI-related revenue losses. Chegg’s shares dropped 35% in November. Accenture and Salesforce announced layoffs due to AI. Critics claim companies are using AI as an excuse for pandemic-related overhiring. Walmart, Amazon, UPS, Target, and Home Depot have significant employee numbers.
Read more at Yahoo Finance: Former Covid high-flyer blames AI for cutting half its staff
