Global Tech Firms Plan Over 100,000 Layoffs Amid AI Shift, Economic Slowdown

In 2025, the U.S. and global job markets have experienced a significant wave of layoffs, with major companies like Amazon, UPS, Intel, Microsoft, Accenture, and TCS collectively cutting over 112,000 jobs. These reductions are attributed to a mix of factors including slower global economic growth, increased adoption of AI and automation, and corporate efforts to streamline operations amid economic uncertainty and tighter monetary policies. Experts note that while layoffs are increasing, this trend is not necessarily indicative of a recession but rather a shift from a previously stable "no hire, no fire" environment to one characterized by cautious hiring and more frequent job cuts. Additionally, policy shifts under the Trump administration, such as stricter immigration rules and reshoring mandates, have reshaped labor dynamics and contributed to workforce restructuring. Despite widespread layoffs, the U.S. labor market remains relatively healthy, with companies adopting conservative approaches as they await clearer economic signals. The ongoing digital transformation has also highlighted skill mismatches, leaving many workers unprepared for evolving job requirements and increasing job insecurity across sectors.