NEW YORK (AP) — It’s a tough time for the .
Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. That’s caused many to only a few specific roles, if not pause openings entirely. At the same time, some sizeable layoffs have continued to pile up — raising worker anxieties across sectors.
Some companies have pointed to rising operational costs spanning from President Donald Trump’s barrage of new and shifts in consumer spending. Others cite corporate restructuring more broadly — or, as seen with big names , are redirecting money to investments like artificial intelligence.
In such cases, “it’s not so much AI directly , but AI’s appetite for cash that might be taking jobs,” said Jason Schloetzer, professor business administration at Georgetown University’s McDonough School. He pointed to wider “trade offs” from employment to infrastructure investment seen across companies today.
Federal employees have encountered additional doses of uncertainty, impacting worker sentiment around the job market overall. Shortly after Trump returned to office at the start of the year, federal jobs were . And many workers are now going as the U.S. nears its fourth week.
“A lot of people are looking around, scanning the job environment, scanning the opportunities that are available to them — whether it’s in the public or private sector,” said Schloetzer. “And I think there’s a question mark around the long-term stability everywhere.”
Government is on hold during the shutdown, but earlier this month a survey by payroll company ADP showed a surprising loss of 32,000 jobs in the private sector in September.
Here are some companies that have moved to cut jobs recently.
Amazon
Amazon said Tuesday that it will , close to 4% of its workforce, as the online retail giant ramps up spending on AI while trimming costs elsewhere. A letter to employees said most workers would be given 90 days to look for a new position internally.
CEO Andy Jassy previously said he anticipated generative AI in the coming years. And he has worked to aggressively cut costs overall since 2021.
UPS
United Parcel Service since the start of this year as part of turnaround efforts, amid wider shifts in the company’s shipping outputs.
The layoffs, disclosed in a regulatory filing on Tuesday, are notably higher UPS forecast earlier this year. On Tuesday, UPS said it also closed closed daily operations at 93 leased and owned buildings during the first nine months of this year.
Target
Last week, Target that it would , or about 8% of its corporate workforce globally.
Target said the cuts were part of wider streamlining efforts — with Chief Operating Officer Michael Fiddelke noting that “too many layers and overlapping work have slowed decisions.” The retailer is also looking to . Target reported flat or declining comparable sales in nine of the past eleven quarters.
Nestlé
In mid-October, Nestlé said it would be — as part of wider cost cutting aimed at reviving its financial performance.
The Swiss food giant said the layoffs would take place over the next two years. The cuts arrive as Nestlé and others face headwinds like rising commodity costs and U.S. imposed . The company announced price hikes over the summer to offset higher coffee and cocoa costs.
Lufthansa Group
In September, Lufthansa Group said it would shed 4,000 jobs by 2030 — pointing to the adoption of , digitalization and consolidating work among member airlines.
Most of the lost jobs would be , and the focus would be on administrative rather than operational roles, the company said. The layoff plans arrived even as the company reported strong demand for air travel and predicted stronger profits in years ahead.
Novo Nordisk
Also in September, Danish pharmaceutical company Novo Nordisk , about 11% of its workforce.
Novo Nordisk — which makes drugs like Ozempic and Wegovy — said the layoffs were part of wider restructuring as the company works to sell more obesity and diabetes medications amid rising competition.
ConocoPhillips
Oil giant ConocoPhillips has said it plans to , as part of broader efforts from the company to cut costs.
A spokesperson for ConocoPhillips confirmed the layoffs on Sept. 3, noting that 20% to 25% of the company’s employees and contractors would be impacted worldwide. At the time, ConocoPhillips had a total headcount of about 13,000 — or between 2,600 and 3,250 workers. Most reductions were expected to take place before the end of 2025.
Intel
Intel has moved to shed thousands of jobs — with the struggling chipmaker working to revive its business as it lags behind rivals like Nvidia and Advanced Micro Devices.
In a July memo to employees, CEO Lip-Bu Tan said Intel expected to , excluding subsidiaries, through layoffs and attrition. That’s down from 99,500 core employees reported the end of last year. The company previously announced a .
Microsoft
In May, Microsoft began across its workforce. And just months later, the tech giant said it would be — marking its biggest round of layoffs seen in more than two years.
The latest job cuts hit Microsoft’s Xbox video game business and other divisions. The company has cited “organizational changes,” with many executives characterizing the layoffs as part of a push to trim management layers. But the labor reductions also arrive as the company spends heavily on AI.
Procter & Gamble
In June, Procter & Gamble said it would over the next two years, 6% of the company’s global workforce.
The maker of Tide detergent and Pampers diapers said the cuts were part of a wider restructuring — also arriving amid tariff pressures. In July, P&G said it would hike prices due to the newly-imposed import taxes, although it’s since said it than previously anticipated for the 2026 fiscal year.
The post Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently appeared first on Associated Press.
