AI and Automation Trigger Global Layoff Wave

Global corporations like Amazon and Nestle are slashing jobs as economic fears and AI-driven automation rise. More than 25,000 positions have disappeared in America, excluding UPS's substantial cuts, and Europe isn't far behind with over 20,000 jobs lost.

As the U.S. government shutdown halts federal job data, investors focus on these stories. Analysts suggest layoff patterns are signs of economic slowdown, even as new CEOs such as those at Target and Nestle restructure to meet modern challenges.

While AI investment soars, with projections reaching $130 million next year, it's white-collar positions most vulnerable to automation. Despite the headlines, employment data suggests a 'low-hiring, low-firing' phase as firms quietly trim headcount without filling vacant roles.