Jobs News Why Is Big Tech Still Cutting Jobs
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Why one of the nation’s most prosperous industries is shedding jobs
Tech companies such as Meta, Microsoft, Amazon and Alphabet continue to trim workers despite soaring revenue and billions of investments into artificial intelligence. Read More
A slowdown is pushing big employers to cut jobs. Should you worry
As economic pressures mount, some of America’s largest employers are making significant workforce reductions. Google announced plans to lay off 12,000 employees, about 6% of its global workforce, ... Read More
Why Verizon’s new CEO is cutting 13,000 jobs at the wireless company
Verizon’s stock has been a major laggard and the company has failed to show annual earnings growth recently. CEO Dan Schulman says layoffs will make Verizon “faster and more focused.” ... Read More
AI cited in nearly 50,000 job cuts this year as tech giants accelerate automation
Tech companies cited artificial intelligence in nearly 48,400 U.S. job cuts this year, with 31,000 announced in October alone as executives tout AI-driven efficiency. Debate surrounds whether AI truly ... Read More
Amazon cutting 14,000 jobs as the retailing giant embraces AI
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ... Read More
Job cuts surge in worst October layoffs in 22 years. Here's why
Employers slashed more than 150,000 jobs in October, the largest wave of layoffs in more than 20 years, Challenger, Gray & Christmas said. Read More
US economy saw stronger-than-expected job growth in September, but the unemployment rate rose
The Labor Department is finally releasing the jobs report for September, which was delayed for weeks due to the government shutdown. It is expected to show the economy added around 50,000 jobs that ... Read More
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