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Behind the wave of white-collar layoffs: Old-school cost cutting, tariffs and, yes, AI
CNBC· 2025-11-04 21:16
In this articleTGTUPSAMZNwatch nowCorporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs?While the proliferation of generative and agentic artificial intelligence is playing a role, recent job cut announcements from companies like Amazon, UPS and Target are about a lot more than just the advance of new technology. The firms, which each announced layoffs in recent weeks totaling more than 60,000 roles eliminated this year, sa ...