{"id":256972,"date":"2025-10-28T17:12:08","date_gmt":"2025-10-28T17:12:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/256972\/"},"modified":"2025-10-28T17:12:08","modified_gmt":"2025-10-28T17:12:08","slug":"mass-job-cuts-on-the-horizon-as-trumps-economy-backslides","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/256972\/","title":{"rendered":"Mass job cuts on the horizon as Trump&#8217;s economy backslides"},"content":{"rendered":"<p>On Tuesday, Amazon announced it is cutting 14,000 corporate jobs, becoming the latest major corporation to slash its workforce in the rapidly declining economy.<\/p>\n<p>The massive 14,000 culling is just the opening salvo in job cuts at the online retail giant, with Reuters reporting that the company could <a href=\"https:\/\/www.reuters.com\/business\/world-at-work\/amazon-targets-many-30000-corporate-job-cuts-sources-say-2025-10-27\/\" target=\"_blank\" rel=\"nofollow noopener\">cut as many as 30,000 corporate jobs<\/a> by the end of the year.\u00a0<\/p>\n<p>The large-scale job cuts at Amazon are just a fraction of the tens of thousands of jobs that have been cut so far this year. Layoffs.fyi\u2014which tracks publicly announced layoffs at tech companies\u2014has counted <a href=\"https:\/\/layoffs.fyi\/\" target=\"_blank\" rel=\"nofollow noopener\">128,732 layoffs at 218 different tech companies<\/a> in 2025.<\/p>\n<p><img decoding=\"async\" alt=\"Cartoon by Pedro Molina\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2025\/10\/20250805edpmc-a.jpg\" title=\"Cartoon by Pedro Molina\"\/><br \/>\n\u201cGet in line\u201d by Pedro Molina<\/p>\n<p>This week alone, companies have announced thousands of layoffs: electric car maker <a href=\"https:\/\/www.wsj.com\/business\/autos\/rivian-to-layoff-more-than-600-workers-amid-ev-pullback-03a792e5\" target=\"_blank\" rel=\"nofollow noopener\">Rivian<\/a> and Facebook parent company <a href=\"https:\/\/www.fastcompany.com\/91427041\/meta-ai-layoffs-today-600-jobs-are-already-being-cut-from-alexandr-wang-superintelligence-lab\" target=\"_blank\" rel=\"nofollow noopener\">Meta<\/a> are each cutting 600 jobs, Charter communication is slashing <a href=\"https:\/\/www.fastcompany.com\/91426780\/cable-giant-charter-laying-off-nearly-1200-employees-source-says\" target=\"_blank\" rel=\"nofollow noopener\">1,200 roles<\/a>, and Paramount is <a href=\"https:\/\/www.reuters.com\/business\/media-telecom\/paramount-cut-1000-jobs-wednesday-first-round-layoffs-bloomberg-news-reports-2025-10-27\/\" target=\"_blank\" rel=\"nofollow noopener\">eliminating 1,000 employees<\/a>.<\/p>\n<p>Amazon, for its part, blamed the layoffs on artificial intelligence, writing in a <a href=\"https:\/\/www.aboutamazon.com\/news\/company-news\/amazon-workforce-reduction\" target=\"_blank\" rel=\"nofollow noopener\">memo<\/a> to staff, &#8220;This generation of AI is the most transformative technology we\u2019ve seen since the Internet, and it&#8217;s enabling companies to innovate much faster than ever before (in existing market segments and altogether new ones). We\u2019re convinced that we need to be organized more leanly, with fewer layers and more ownership, to move as quickly as possible for our customers and business.&#8221;<\/p>\n<p>However, it&#8217;s worth noting that Amazon is owned by Jeff Bezos, who has <a href=\"https:\/\/www.dailykos.com\/stories\/2025\/5\/2\/2319759\/-Jeff-Bezos-swore-he-d-never-bow-to-Trump-Time-to-put-up-or-shut-up\" target=\"_blank\" rel=\"nofollow noopener\">cozied up to President Donald Trump<\/a> and done his best <a href=\"https:\/\/www.dailykos.com\/stories\/2025\/8\/13\/2338236\/-Bezos-pushes-the-Washington-Post-further-into-the-Trump-gutter\" target=\"_blank\" rel=\"nofollow noopener\">not to anger the retributive leader<\/a>.<\/p>\n<p>Given that Amazon is in the retail business\u2014which is majorly impacted by Trump&#8217;s tariffs that force companies to either raise their prices or cut costs to make up for decreased profit margins\u2014tariffs cannot be ruled out as responsible for at least some of the cuts.<\/p>\n<p>Ultimately, the large number of layoffs this week is yet another troubling sign for the economy, which is facing dual crises of<a href=\"https:\/\/www.dailykos.com\/stories\/2025\/8\/13\/2337992\/-New-GOP-spin-Inflation-is-the-best\" target=\"_blank\" rel=\"nofollow noopener\"> high inflation<\/a> and a weakening labor market\u2014with economists <a href=\"https:\/\/truthout.org\/articles\/inflation-and-jobless-claims-are-rising-economists-blame-trumps-tariffs\/\" target=\"_blank\" rel=\"nofollow noopener\">blaming<\/a> Trump&#8217;s <a href=\"https:\/\/www.dailykos.com\/stories\/2025\/8\/29\/2340737\/-Trump-s-latest-tariff-will-hit-his-base-hard-and-piss-everyone-off\" target=\"_blank\" rel=\"nofollow noopener\">idiotic tariffs<\/a> for the perilous economic conditions.<\/p>\n<p>Related\u00a0|\u00a0<a href=\"https:\/\/www.dailykos.com\/stories\/2025\/9\/5\/2341949\/-New-jobs-numbers-are-so-bad-Trump-would-rather-discuss-Epstein\" target=\"_blank\" rel=\"nofollow noopener\">New jobs numbers are so bad, Trump would rather discuss Epstein<\/a><\/p>\n<p>Even before these mass layoffs were announced, the Bureau of Labor Statistics&#8217; <a href=\"https:\/\/www.bls.gov\/news.release\/empsit.nr0.htm\" target=\"_blank\" rel=\"nofollow noopener\">monthly jobs reports<\/a> showed that job growth has been <a href=\"https:\/\/www.dailykos.com\/stories\/2025\/9\/4\/2341790\/-Thanks-Trump-Jobs-market-grinds-to-a-halt\" target=\"_blank\" rel=\"nofollow noopener\">virtually stagnant<\/a> since April, when Trump first announced his tariffs.<\/p>\n<p>Indeed, the economy actually <a href=\"https:\/\/www.dailykos.com\/stories\/2025\/9\/5\/2341949\/-New-jobs-numbers-are-so-bad-Trump-would-rather-discuss-Epstein\" target=\"_blank\" rel=\"nofollow noopener\">lost jobs in June<\/a>\u2014the first time that had happened since the COVID-19 crisis began in 2020.<\/p>\n<p>Because the government is currently shut down, BLS is not releasing its monthly jobs reports. And that is probably welcome news for Trump at the moment, as the report could show yet another month of job losses.<\/p>\n<p>Are we great again yet?<\/p>\n","protected":false},"excerpt":{"rendered":"On Tuesday, Amazon announced it is cutting 14,000 corporate jobs, becoming the latest major corporation to slash its&hellip;\n","protected":false},"author":2,"featured_media":256973,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,101],"class_list":["post-256972","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/256972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=256972"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/256972\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/256973"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=256972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=256972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=256972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}