Bad news for Trump’s economy: These are the thousands of recent layoff announcements

The past couple weeks have seen a rash of layoff announcements from major companies across sectors. Thousands of American workers have lost or will be losing their jobs in consulting, entertainment, food, pharma, retail, tech, and telecommunications.

The reasons behind the firings are varied with companies mentioning efforts to streamline operations or become “stronger, faster and better positioned.” In the case of Amazon artificial intelligence was specifically stated according to a press release, technology that it has pumped vast sums into this year.

“Generation of AI is the most transformative technology we’ve seen since the Internet,” the company stated. “We’re convinced that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business.”

Major layoffs announced across the US

While Amazon announced that it would be reducing its corporate workforce headcount by around 14,000, Reuters reports that the company is planning to cut up to 30,000 roles according to people familiar with the matter.

Here is a list of other companies that have announced mass layoffs:

These restructuring efforts come as hiring in the US job market has slowed dramatically over the year as companies try to navigate future uncertainties from Trump’s tariffs and households still struggling with rising prices. This weakening of the labor market has led the Federal Reserve to cut interest rates even though inflation has been ticking up.

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