#corporate-layoffs

#corporate-layoffs

AI-driven automation is prompting large-scale layoffs across diverse sectors, potentially displacing millions of U.S. workers and risking significant economic downturn.

AI is reshaping corporate headcounts: some companies expand high-value roles while others cut staff after AI systems replace tasks.

U.S. stocks hit new highs on strong Q3 earnings while massive corporate layoffs and a weakening job market raise Fed-policy and inflation concerns.

Mortgage-free homeownership hit 40.3%, firms pursue stock-split moves while Amazon reallocates staff toward AI and retailers preemptively cut holiday prices.

Target will eliminate 1,800 corporate roles — about 8% of its global headquarters team — including 1,000 layoffs and 800 unfilled positions.

The broader U.S. labor market shows no discernible disruption or widespread cognitive-job losses since ChatGPT's November 2022 debut.

AI is projected to displace hundreds of millions of jobs worldwide, fundamentally altering the job market.

Tech companies are leading the charge in layoffs due to AI advancements, particularly in routine job roles.