{"id":49232,"date":"2025-08-07T01:19:11","date_gmt":"2025-08-07T01:19:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/49232\/"},"modified":"2025-08-07T01:19:11","modified_gmt":"2025-08-07T01:19:11","slug":"layoffs-soar-140-as-the-unspoken-job-threat-gathers-steam","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/uk\/49232\/","title":{"rendered":"Layoffs soar 140% as the unspoken job threat gathers steam"},"content":{"rendered":"

By ALICE WRIGHT, US CONSUMER REPORTER<\/a> <\/p>\n

Published: 14:25 EDT, 6 August 2025 | Updated: 16:15 EDT, 6 August 2025 <\/p>\n

Layoffs have risen 140 percent from a year ago, a new report reveals.\u00a0<\/p>\n

Companies have already announced more than 800,000 job cuts this year alone<\/a>, the highest since the pandemic upended the economy in 2020.\u00a0<\/p>\n

US-based employers cut 62,075 jobs in July compared to 25,885 in the same month last year.\u00a0<\/p>\n

The damning figures represent a 29 percent leap from the month before where 47,999 people lost their livelihood, according to a report <\/a>from career advice firm Challenger, Gray & Christmas.<\/p>\n

Some companies\u00a0\u2014\u00a0such as Procter & Gamble<\/a> \u2014 have been more elusive about the reasons behind mass cuts, blaming it on restructuring, ‘automation and digitization.’\u00a0\u00a0<\/p>\n

However, Challenger, Gray & Christmas analysts found that the biggest impact on job losses this year was the relentless march of AI and the knock-on effects of Trump’s tariff policies<\/a>.\u00a0<\/p>\n

‘AI was cited for over 10,000 cuts last month, and tariff concerns have impacted nearly 6,000 jobs this year,’ report author and labor expert Andrew Challenger said.\u00a0<\/p>\n

Most jobs have been cut in the tech industry, where 89,251 have been cut in the first seven months of the year.\u00a0<\/p>\n

\"Companies <\/p>\n

Companies have already announced more than 800,000 job cuts this year alone<\/p>\n

‘The industry is being reshaped by the advancement of artificial intelligence and ongoing uncertainty surrounding work visas, which have contributed to workforce reductions,’ the report stated.\u00a0\u00a0<\/p>\n

Among the tech companies slashing the wage bill is Amazon where CEO Andy Jassy said he plans to reduce the company’s corporate workforce as AI will make certain roles redundant.\u00a0<\/a><\/p>\n

‘\u200b\u200bAs we roll out more generative AI and agents, it should change the way our work is done,’ he told employees in an internal memo.\u00a0<\/p>\n

The company is betting big on AI\u00a0recently revealing plans to splash $100 billion on data centers that the technology depends on.<\/p>\n

It has pumped further billions into startup Anthropic, the CEO of which recently warned\u00a0AI could wipe out half of all entry-level white-collar jobs<\/a>.\u00a0<\/p>\n

An increasing number of Wall Street CEOs have also warned about how the rise of AI will take a sledgehammer to jobs<\/a>.<\/p>\n

‘Artificial intelligence is going to replace literally half of all white-collar workers in the US,’ Ford CEO Jim Farley said earlier this month.<\/p>\n

Silicon Valley titan Intel also announced it would be cutting 25,000 roles <\/a>in 2025, its\u00a0second major round of job cuts in two years.<\/p>\n

\"Amazon <\/p>\n

Amazon boss Andy Jassy warned that AI will lead to job cuts\u00a0<\/p>\n

\"Layoffs <\/p>\n

Layoffs in the US have risen 140 percent from a year ago. a shocking new report has found<\/p>\n

\"Ford <\/p>\n

Ford Motor CEO Jim Farley predicted the rise of AI will replace ‘half of all white-collar workers’<\/p>\n

Microsoft said in July it is cutting around 4 percent of its global workforce<\/a> as it ramps up investments in artificial intelligence.<\/p>\n

The tech giant will slash around 9,000 jobs across different teams, geographies and levels of experience.\u00a0<\/p>\n

The AI-driven job bloodbath marks a major shift for American workers. For years, mass layoffs were concentrated in US manufacturing plants.\u00a0<\/p>\n

Now, they’re impacting college-educated, high-to-middle-class earners<\/a>.\u00a0\u00a0<\/p>\n

The demographic being pummeled the hardest appears to be recent male graduates.\u00a0<\/p>\n

Men aged 22 to 27 with at least a bachelor\u2019s degree are now unemployed at higher rates than the general population. <\/a>\u00a0<\/p>\n

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