Amazon and UPS have both announced thousands of job layoffs coming to facilities across the U.S.
Amazon alone plans to cut more than 14,000 positions, targeting mainly corporate jobs as focus of the company shifts towards artificial intelligence.
UPS, on the other hand, has already cut over 48,000 jobs this year, with layoffs happening in Joplin, Kansas City, and St. Louis due to building closures.
Some speculate that UPS layoffs could be the result of trying to balance supply and demand after the high order volumes period the U.S. experienced during the COVID-19 pandemic.
As for Amazon, the cuts relate to a growing reliance and use of AI in many companies, which has an adverse effect on entry-level or lower-tier jobs.
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