
Amazon, UPS, and other major employers have made headlines with big layoff announcements â but this doesnât necessarily spell trouble for the overall U.S. job market. According to Business Insider, while companies such as Amazon, UPS and Paramount Global have cut thousands of jobs recently, these moves are still isolated and havenât triggered industryâwide panic. The broader labour market remains in a âGreat Freezeâ â characterised by both low hiring and modest firing. Analysts say it would take around 20 more Amazonâsize layoffs in a single month to shift the framing toward a fullâblown collapse. Economists caution that headlines around prominent tech and logistics players can distort perceptions of the broader employment landscape.
âĒBy ADMIN
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