Corporate America has ended its firing freeze, as major companies have announced tens of thousands of layoffs in recent weeks https://t.co/MsSDEo2A9o ...

Layoff Trends - Major employers like Amazon and Target are reducing their workforce [1] - Tens of thousands of office workers are being laid off across the country [1]

Turning now to a more immediate existential question facing all of us today. AI and whether AI has already come for our jobs in ways that we're now seeing play out in the headlines of all these tens of thousands of people that are being laid off. Is it actually because of AI. Is it the economy right now. Is it a mix of both.And if it is, what do we need to survive. Our next guest's podcast, I've got questions with Chenade Bll has me rethinking so much of how I see uh the future. Chenade joins us right now.G ...

Group 1: Corporate Layoffs - Amazon plans to cut around 14,000 corporate positions, with reports suggesting the total could reach 30,000, as part of a global restructuring related to AI-driven automation and efficiency [1] - Target announced the elimination of 1,800 corporate roles, including about 1,000 active layoffs, to simplify operations and reduce costs [1] Group 2: Manufacturing Sector - The auto sector is experiencing job losses due to electric-vehicle investments and weaker consumer demand, with several companies in Michigan announcing layoffs: Autokiniton is closing a Detroit stamping plant and cutting 133 jobs, IAC Alma will eliminate 246 jobs, and Dana Thermal Products is closing its Auburn Hills facility with 200 layoffs [2] - Tenneco has reduced 82 positions in Tennessee, while Federal-Mogul Motorparts shut down its Boaz, Alabama plant, affecting 82 workers [3] Group 3: Logistics and Warehousing - Freight operators and third-party logistics providers are trimming payrolls as contract volumes fall, indicating a broader trend of layoffs in the logistics sector [4] - Averitt Express is cutting 193 positions in Alabama following the end of a Mercedes-Benz contract, and CBJ Logistics plans to eliminate 101 jobs in Philadelphia [6] Group 4: Regional Job Cuts - In California, Manna Beverages is eliminating 638 jobs, rPlanet Earth is cutting 178 positions, Bumble Bee Foods shed 56 jobs, and Leprino Foods plans to close its Lemoore East cheese plant, affecting 300 workers [5] - In Texas, Lion Elastomers will close its Orange facility, cutting 100 jobs, while Yang Ming Corp. is closing its Houston customer-service center, affecting 118 employees [5] - In Florida, PGT Industries is cutting 442 positions, and ID Logistics will eliminate 174 jobs [5] - In Georgia, Mannington Mills will close three plants and cut 200 jobs, while Saddle Creek Logistics plans to lay off 128 workers [5] - In Wisconsin, Saputo Cheese USA will lay off 240 employees as part of a consolidation plan [5]

Layoffs & Retrenchment - Major employers like Amazon and Target are retrenching, resulting in tens of thousands of office worker layoffs [1]

Hey everyone, this article, tens of thousands of white collar jobs are disappearing as AI starts to bite. It's one of the most irresponsible pieces of journalism I've seen on artificial intelligence yet. It is an atrocious article.It suggests that AI is taking tens of thousands of white collar jobs. It's going to make so many people fear that their jobs are about to be automated by AI and it's just completely unsupported by anything in the body. This headline is unsupported.Uh, and I think frankly it was im ...

It's the natural cycle. I mean, I think not for the people that are losing their jobs. >> Exactly.Right. If you're one of those people that's in the cycle, it doesn't feel very natural. It doesn't feel very fair.But if you think of the cycle we've had and and sort of starts with the COVID cycle, the COVID cycle, we had the exact opposite. Every company was hoarding workers. You know, everyone who came in and said, "Look, I can't hire good people. I can't get good get good people. Anyone I get, I'm retaining ...

Should we start to get concerned that we're seeing really big layoffs, especially when it comes to white collar jobs, and I'm talking about UPS and Amazon here, both 14,000 layoffs and white collar workers. >> So, we have been in a job market that economists have called low, higher, low fire for a year or two now. And I think we're starting to move into an environment that's more low, higher, some fire.So, we're starting to see layoffs tick up to where they were uh compared to prepandemic levels. And the fa ...

Should we start to get concerned that we're seeing really big layoffs, especially when it comes to white collar jobs, and I'm talking about UPS and Amazon here, both 14,000 layoffs and white collar workers. >> So, we have been in a job market that economists have called low, higher, low fire for a year or two now. And I think we're starting to move into an environment that's more low, higher, some fire.So, we're starting to see layoffs tick up to where they were uh compared to prepandemic levels. And the fa ...

Welcome back. Investors are anxiously awaiting to see if the Federal Reserve will issue another rate cut this afternoon. A move that could affect everything from mortgage rates to the prices of stocks and bonds.It's widely expected the Fed will cut rates when its policy meeting concludes. However, what's less certain is the kind of tone that Chair Jerome Powell will set during his postmeating news conference as he outlines how the Fed views the economy and futures policy moves. The decision comes as the ong ...