Job Market Overview - The job market is currently facing significant challenges, with many businesses adopting a "no-hire, no fire" approach due to economic uncertainty [1][2] - Layoffs are continuing across various sectors, contributing to heightened worker anxiety [1] Company-Specific Layoffs - General Motors is laying off approximately 1,700 workers in Michigan and Ohio due to declining demand for electric vehicles, with additional temporary layoffs expected [6] - Paramount is set to lay off about 2,000 employees, which constitutes around 10% of its workforce, following its $8 billion merger with Skydance [7] - Amazon plans to cut about 14,000 corporate jobs, nearly 4% of its workforce, as it reallocates resources towards artificial intelligence [8]
Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently