In Reply to: UPS Cuts 48,000 Jobs in Management and Operations posted by mh on October 28, 2025 at 10:40:06
This week alone, companies have announced thousands of layoffs: electric car maker Rivian and Facebook parent company Meta are each cutting 600 jobs, Charter communication is slashing 1,200 roles, and Paramount is eliminating 1,000 employees.
Even before these mass layoffs were announced, the Bureau of Labor Statistics' monthly jobs reports showed that job growth has been virtually stagnant since April, when Trump first announced his tariffs.
Indeed, the economy actually lost jobs in June—the first time that had happened since the COVID-19 crisis began in 2020.
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So much winning!