Major Employers Announce Widespread Job Cuts

U.S. employers across sectors are announcing substantial layoffs as hiring stagnates, with the country adding just 50,000 jobs last month, down from 56,000 in November. Recent cuts include Amazon’s roughly 16,000 corporate roles, UPS’s plan to cut up to 30,000 operational jobs, Nestlé’s 16,000 global reductions and Novo Nordisk’s 9,000 layoffs amid restructuring and AI investments.