October 30, 2025

The global job market is facing a stormy spell! Big companies like Amazon, UPS, and Microsoft are saying goodbye to thousands of workers. These firms are trimming staff to save money and pour more cash into artificial intelligence and new technology. Sounds scary? Let’s break it down. Amazon is chopping 14,000 corporate jobs, about 4% of its employees. CEO Andy Jassy is focusing heavily on AI investments while cutting costs. UPS is slashing a whopping 48,000 jobs this year and closing 93 sites because shipping has slowed worldwide. Target, the retail giant, has let go of 1,800 corporate workers, aiming to “streamline decisions.” Nestlé, famous for chocolate and coffee, will cut 16,000 jobs globally over two years, blaming high prices and tariffs. Lufthansa Group plans to remove 4,000 jobs by 2030, moving work towards digital and AI systems. Novo Nordisk, known for medicines like Ozempic, is laying off 9,000 workers, which is 11% of its staff, even as demand for its drugs rises. Oil giant ConocoPhillips is cutting up to 25% of its workforce due to changing oil prices and higher costs. Intel is reducing its main workforce from 99,500 to 75,000 as it battles to stay ahead in the chip race. Microsoft has cut 6,000 jobs earlier and now another 9,000 mostly in gaming and management. Procter & Gamble will cut 7,000 jobs, saying tariffs and rising costs are the villains. What’s behind it all? Experts say companies need to balance tough global problems like geopolitics, trade tariffs, automation, and changing buyer habits. Big businesses talk about “restructuring” and “efficiency,” but for workers, it means uncertain futures. Losing a job isn’t just about money. It can hurt self-esteem and plans for family life. Psychologists compare it to the pain of grief. But economists add these cuts aren’t just panic moves. They are needed to keep companies alive and moving forward. How can workers survive this chaos? Here are some spicy tips: - Keep learning new skills, especially in AI, data, and communication. Online platforms like Coursera and LinkedIn Learning are great helpers. - Build a strong personal brand. Show your talents on professional networks and mentor others. - Save money wisely. Try to have an emergency fund covering six months of expenses and explore extra income sources. - Stay connected with friends and colleagues. Human bonds open doors when job apps stay silent. - Take care of your mental health by seeking support, joining groups, or volunteering. The message is clear: The job world is changing fast, but people who adapt and stay strong will shine. The human spirit is the best asset—smart, creative, and ready to reinvent work and life. So, buckle up and get ready to ride the wave of change!

Read More at Timesofindia →

Tags: Job cuts, Layoffs, Corporate restructuring, Automation, Economy, Workforce,