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AMERICAS Selloff abates as economy hums, layoffs rise
Reuters· 2025-11-06 11:44
Core Insights - The article discusses the current state of U.S. and global markets, highlighting key trends and events impacting investment opportunities and risks [1] Group 1: Market Trends - U.S. stock markets are experiencing volatility due to mixed economic signals and geopolitical tensions [1] - Global markets are reacting to changes in monetary policy, particularly from the Federal Reserve, which is influencing investor sentiment [1] Group 2: Economic Indicators - Recent economic data shows a slowdown in consumer spending, which could impact corporate earnings in the upcoming quarters [1] - Inflation rates remain a concern, with central banks closely monitoring price stability as they adjust interest rates [1] Group 3: Sector Performance - Technology and energy sectors are showing resilience, while consumer discretionary stocks are facing headwinds due to changing consumer behavior [1] - Financial stocks are benefiting from rising interest rates, which could enhance profit margins for banks [1]
US Posts Most October Layoffs in More Than 20 Years
Bloomberg Television· 2025-11-06 11:08
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]
Girard: The labor market may be weakening, but wage growth is slowing too
CNBC Television· 2025-11-05 12:20
All right, kind of a a a solid estimate there of job gains. However, in recent weeks, we've seen a number of layoffs. IBM just the latest uh saying they're going to cut a low single-digit percentage of its workforce, which you know is going to be thousands of people.Give us a sense. Does this report in your mind, does this show a blip or does it show kind of a rebound in what we're seeing. Because so far it's been a low hire, low fire year.>> It is. It has been. Although we have seen in in the latest number ...
Is AI behind recent job cuts? Here's what to know
CNBC Television· 2025-11-04 17:01
Welcome back. Uh, advances in artificial intelligence have certainly been blamed a bit for a host of corporate layoffs that we've seen recently, but are companies using the technology perhaps as an excuse that are covering up other weaknesses. Steve Leeman has that story for us.Steve. >> David. Yeah.48,000 layoffs at UPS, 14,000 at Amazon, 1,800 at Target. A slew of layoffs have raised fears that AI is already whacking corporate jobs, but not so fast. In some cases, companies could be involved in AI washing ...
The Truth About AI And The Mass Layoffs
CNBC· 2025-11-04 17:00
Between January and September 2025, there have been more than 946,000 job cuts announced, with roughly 300,000 from the government sector. That's the highest since 2020, and it's a 55% increase from what we saw last year through the same time period. It would make sense to think AI is to blame for the layoffs.Now that we've had generative AI come in and kind of change the equation, investors and boards are asking management teams: how are you using AI. Why aren't you using AI. Can AI help you streamline cos ...
Is AI behind the recent job cuts? Here's what to know
CNBC Television· 2025-11-04 13:15
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 ...
How workers are trying to get ahead of a job market full of uncertainty
Business Insider· 2025-11-03 14:35
Core Insights - The labor market is experiencing heightened anxiety regarding layoffs, prompting workers to proactively prepare for potential job losses [3][4][5][6][8] Labor Market - Many workers are diversifying their income through side hustles or additional full-time jobs to mitigate the impact of potential layoffs [4] - The labor market has been largely stagnant, with minimal hiring or firing, but recent weeks have seen an increase in rolling layoffs, which are smaller, incremental job cuts [5] - Companies are increasingly leveraging AI technologies, which raises concerns about reduced headcounts as firms seek efficiencies [6][7] Company Actions - Amazon's recent layoffs were initially framed as a move towards a leaner operation in the context of AI, but later statements from CEO Andy Jassy clarified that the layoffs were not directly driven by AI considerations [7][8] - The company's focus is shifting towards cultural changes and demonstrating its capabilities in AI, as evidenced by its strong Q3 earnings report following the layoffs [13] Investment Opportunities - The Tema Electrification ETF (VOLT) is highlighted as a potential investment opportunity, expected to benefit from the AI data-center boom and projected to outperform the S&P 500 by approximately 20% by 2027 [9]