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Major US Firms Cut 52K+ Jobs Amid Ongoing Economic Uncertainty & AI Investment
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Several major US companies have announced a combined reduction of over 52,000 jobs, including Amazon (AMZN.US), UPS (UPS.US), Dow Chemical (DOW.US), NIKE (NKE.US), and Home Depot (HD.US), according to a report from the Financial Times. Some of these companies stated the need to streamline organizational structures due to ongoing economic uncertainty and increasing pressure from AI investments. Analysts believe that discussions about layoffs have increased among companies, and their interest in using AI to reduce labor costs is growing. AAStocks Financial News |
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