U.S. Layoffs Hit Highest Oct. Level Since 2003
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If AI proves inefficient, will companies need to rehire the talent they let go? Amid a flurry of tech industry layoffs, Amazon’s recent culling of some 14,000 staff stands out for one dramatic reason: It was blamed,
US layoffs top 1 million in 2025, with October marking the worst job cut spike in 20 years as AI and automation drive massive reductions.
Amazon announced a reorganization that will result in the elimination of 14,000 jobs — and said AI is a leading cause.
Today, U.S. Senators Josh Hawley (R-Mo.) and Mark Warner (D-Va.) announced their AI -Related Job Impacts Clarity Act. The bill would require major companies and federal agencies to disclose all AI-related layoffs to the Department of Labor for a public report.
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Is AI to blame for the mass layoffs?
Like the reason for a lot of companies that they're doing layoffs is because they're using AI to replace those jobs. And so, Yes, I think that we're seeing a huge change you know, the job market and technology is definitely taking over.
US companies announced the most job cuts for any October in more than two decades as artificial intelligence reshapes industries and cost-cutting accelerates.
IBM is cutting thousands of jobs as it pivots toward AI and software. The tech giant’s restructuring highlights a major shift in Big Tech’s new priorities.
IBM reported having around 270,000 employees at the end of 2024, according to its latest annual report. A 1% reduction in headcount would equate to approximately 2,700 job cuts, though the company has not provided specific figures or details on which departments or regions will be most affected.
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LISTEN: AI Drives Big Tech Layoff Bloodbath; Indie Streamer Dropout Raises Price and Fans Cheer
On today's 'Daily Variety,' AI collides with Big Tech jobs as layoff notices fly; indie streamer Dropout raises its price -- and fans don't complain.
Square Enix’s layoffs are reportedly a result of the company shrinking its overseas operations, increasing investments back home in Japan.
The 153,074 job cuts from last month marked a 175% jump from the same month a year ago and a 183% spike from September, according to a new report.