Layoff Strategies - Amazon 通过短信和电子邮件通知员工裁员消息 [1] - Target 要求员工居家办公，可能与裁员有关 [1] Impact of Communication - 行业关注裁员通知方式是否能减轻员工痛苦 [1]

Public Perception of AI in America - AI is becoming unpopular in America, particularly due to concerns about job displacement and rising electric bills [1] - Republican politicians are reportedly hesitant to publicly support AI due to declining popularity ratings [1] - The industry believes pushing back against AI is a losing proposition for America [2] Geopolitical Implications - China is not expected to slow down its AI development [3] - The industry suggests that slowing down AI development in America would be an "own goal" with negative consequences for national security and economic growth [3]

Macro Economic Overview - The government shutdown has led to a significant impact on the economy, with fears of a sobering surprise once jobs data resumes [3][6] - Challenger Grey and Christmas reported over 150,000 job cuts in October, marking an increase of more than 180% from September and about 175% from October 2024 [3][4] - Year-to-date job cuts have reached 1.1 million, already 44% higher than the total for all of 2024 [4] Job Market Trends - The job cuts are attributed to a correction from the pandemic hiring boom, structural changes due to AI adoption, and cyclical softening in consumer and corporate spending [5] - The ongoing government shutdown is exacerbating economic concerns, affecting consumer spending, particularly in programs like SNAP [7][8] AI Sector Earnings and Market Sentiment - Recent earnings reports from AI companies show signs of investor sentiment weakening, with Palantir's stock dropping 8% despite beating expectations [11][12] - Concerns about valuation are prevalent, as stocks like AMD and Nvidia also experienced declines after reporting better-than-expected earnings [13][15] - Investors are increasingly cautious, seeking strong execution from AI companies to justify high valuations [14][18] Valuation Concerns in Tech Stocks - The market is witnessing a "show me" situation where investors demand tangible results from AI spending amid a murky economic outlook [20] - Companies like Uber and DoorDash have faced stock price declines due to cautious guidance and significant spending plans for the future [19][20] Bitcoin's Volatility and Speculative Investments - Bitcoin has dropped below $100,000 for the first time since May, down about 20% from its high, reflecting a shift in speculative sentiment [21][22] - Bitcoin's performance is seen as a proxy for speculative investment trends, often the first asset to be trimmed when investors seek safety [22] Upcoming Earnings and Economic Indicators - Upcoming earnings to watch include CoreWeave, Disney, Alibaba, and Tyson Foods, which may provide insights into consumer behavior and economic conditions [23][24][25]

Labor Market Trends - Initial jobless claims rose by 10,000 to 229,000, remaining within the recent range [1] - Continuing claims are edging higher, potentially indicating future weakening in the labor market [2] - Continuing claims by federal workers surged, topping 23,000, the highest since 2019, possibly due to the shutdown and laid-off workers applying for benefits [3] - Alternative jobs reports suggest a cooling labor market, but without runaway signals in either direction [3] Employment Data - ADP preliminary data indicated an average of 14,000 weekly job gains [4] - The national report showed an increase from -29,000 to 42,000 [4] - The Chicago Fed's estimate of the unemployment rate remained relatively unchanged around 43% [4] - Challenger job cuts report indicated a gain of 153,000 [4] Indicators of Weakness - The Indeed jobs posting, while above the standard of 100, has been continuously decreasing [5] - ISM manufacturing and service employment indices both ticked up but remain below 50, subjectively categorized as weakness [5] Data Analysis & Future Outlook - The Fed is likely analyzing this data, potentially possessing more comprehensive information [6] - Good alternative data on prices is currently lacking, with plans to release some next week [6]

US companies announced the most job cuts for any October in two decades this morning.153,074 layoffs last month → 175.3% higher than expected.1M total job cuts this year, the most since 2020. https://t.co/pW3IXjljM0 ...

Market Overview - U.S. stocks experienced a decline, with the Dow Jones index falling over 450 points, down 0.98% to 46,848.97, NASDAQ down 1.82% to 23,073.21, and S&P 500 down 1.13% to 6,719.65 [1] - Energy shares increased by 0.9%, while consumer discretionary stocks fell by 2.4% [1] Company Earnings - ConocoPhillips reported third-quarter FY25 earnings of $1.7 billion, or $1.38 per share, down from $2.1 billion, or $1.76 per share, year-over-year. Adjusted EPS was $1.61, beating the consensus estimate of $1.44. The company also raised its fourth-quarter regular dividend by 8% to $0.84 per share [2] Commodities - Oil prices decreased by 1.1% to $58.96, gold fell by 0.4% to $3,977.70, silver dropped 1.2% to $47.450, and copper declined by 0.6% to $4.9580 [5] Stock Movements - Golden Entertainment, Inc. shares surged 35% to $28.69 following an acquisition announcement at $30/share [8] - Forge Global Holdings, Inc. shares increased by 68% to $44.00 after an acquisition agreement with Charles Schwab [8] - Stagwell Inc. shares rose 20% to $5.75 after reporting better-than-expected third-quarter results and issuing positive FY25 sales guidance [8] - American Superconductor Corporation shares fell 36% to $38.01 despite beating second-quarter earnings but missing revenue estimates [8] - ACV Auctions Inc. shares dropped 38% to $5.03 after cutting full-year sales guidance and receiving a downgrade from B of A Securities [8] - Aspen Aerogels, Inc. shares decreased by 44% to $4.1850 after lowering full-year earnings and sales guidance [8] Employment Data - U.S.-based employers announced 153,074 job cuts in October, a significant increase from 54,064 in the previous month [10]

Job Market Trends - Over 1 million jobs have been cut this year [1]

Job Cuts Analysis - October job cut announcements reached 153,074, the highest since 2003 [1] - Job cuts increased by 183% compared to September [1] - Job cuts increased by 175% year-over-year [1] - Year-to-date job cuts are the highest since June 2020 (COVID period) [2] - Job cut data is compiled from companies' announced plans, not actual realized cuts [2][3] Hiring Trends - Announced seasonal hiring plans are the lowest since tracking began in 2012 [4] Considerations - Job cut announcements may not always translate into actual job losses due to attrition [3] - Job cuts can take months to materialize, as seen with Amazon's 90-day notice [3] - Job cut figures are worldwide, not limited to the U S [3]

Core Insights - Global job losses in the fashion and footwear sectors are increasing, with at least 17,267 job cuts reported in 2025 [1] - The trend of job cuts is part of a broader pattern across various industries in the U.S., driven by factors such as automation and AI [4] Job Cuts in Fashion and Retail - Major companies like Nike, Puma, Saks Global, and Target are among those reducing their workforce [1] - U.S. retailers have announced 86,233 job cuts through September 2025, a 203% increase from 28,440 cuts in the same period last year [5] - Adidas plans to cut 500 positions to reduce complexity, while Amazon is set to eliminate 14,000 corporate jobs [7] - Burberry is cutting 1,700 jobs, representing 18% of its workforce, as part of a strategy to save $130 million by 2027 [8] - Carter's Inc. will lay off 300 staff and close 150 stores, while Kohl's Corp. has cut about 10% of its corporate jobs [9][12] Impact of Automation and AI - Companies like Intel and Microsoft are also reducing their workforces, with Intel cutting 24,000 jobs and Microsoft 9,000 [3] - The rise of AI and automation is cited as a significant factor behind many of these job cuts across various sectors [4] Specific Company Actions - Nike is reducing its corporate staff by 1%, following a previous cut of over 1,600 jobs in 2024 as part of a $2 billion cost-saving plan [14][15] - Puma's new CEO announced a reduction of 900 jobs, totaling 1,400 cuts for the year, indicating a challenging growth outlook until 2027 [16] - Target is eliminating 1,800 corporate positions, including 800 open jobs, due to structural changes aimed at improving decision-making [21] Broader Economic Context - The U.S. has seen nearly 950,000 job cuts from January to September 2025, marking the highest total since 2020 [4] - The government sector has experienced the most job losses, but tech and retail sectors are also significantly affected [4]

been a string of corporate layoffs uh in recent weeks in articles uh in Wall Street Journal uh about white even white collar workers stupidly I'm wearing white collar Steve Leeman is here smart enough to wear blue collar uh is AI uh intelligence is that to blame u should investors be wary >> we we did a a joint in a joint research investigative story with this using Gabriel Fon Rouge our retail reporter on. com myself Frank Holland and we looked into this 48 38,000 jobs at UPS, 14,000 at Amazon, 1,800 at Ta ...