Companies worldwide have intensified job cuts, with major corporations like Amazon, Nestle, UPS, Target, and Procter & Gamble announcing thousands of layoffs. Amazon is set to eliminate 14,000 jobs, while Nestle is cutting 16,000 positions. Carter's, in turn, is reducing its office workforce by 15%. This trend is driven by efforts to cut costs amid declining consumer sentiment. Companies, particularly in the technology sector focused on artificial intelligence, are increasingly relying on automation to replace human labor. According to Reuters, American companies alone have announced over 25,000 job cuts this month, a figure that does not include the 48,000 positions UPS has eliminated since the beginning of 2025.
