<[link removed]>
Mass job cuts on the horizon as Trump's economy backslides
On Tuesday, Amazon announced it is cutting 14,000 corporate jobs, becoming the
latest major corporation to slash its workforce in the rapidly declining
economy.
The massive 14,000 culling is just the opening salvo in job cuts at the online
retail giant, with Reuters reporting that the company could cut as many as
30,000 corporate jobs by the end of the year.
The large-scale job cuts at Amazon are just a fraction of the tens of
thousands of jobs that have been cut so far this year. Layoffs.fyi—which tracks
publicly announced layoffs at tech companies—has counted 128,732 layoffs at 218
different tech companies in 2025.
No sugar-coating it: Daily Kos needs your help. Can you chip in $5 today?
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>
Donate $5
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>
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.
Amazon, for its part, blamed the layoffs on artificial intelligence, writing
in a memo to staff, "This generation of AI is the most transformative
technology we’ve seen since the Internet, and it's enabling companies to
innovate much faster than ever before (in existing market segments and
altogether new ones). We’re convinced that we need to be organized more leanly,
with fewer layers and more ownership, to move as quickly as possible for our
customers and business."
However, it's worth noting that Amazon is owned by Jeff Bezos, who has cozied
up to President Donald Trump and done his best not to anger the retributive
leader.
Given that Amazon is in the retail business—which is majorly impacted by
Trump's tariffs that force companies to either raise their prices or cut costs
to make up for decreased profit margins—tariffs cannot be ruled out as
responsible for at least some of the cuts.
Ultimately, the large number of layoffs this week is yet another troubling
sign for the economy, which is facing dual crises of high inflation and a
weakening labor market—with economists blaming Trump's idiotic tariffs for the
perilous economic conditions.
No billionaire backers, no paywalls. Daily Kos news exists because of YOU, our
donor community. Now, we need your help. Please donate today.
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>
Click here to donate $5 today
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>
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.
Because the government is currently shut down, BLS is not releasing its
monthly jobs reports. And that is probably welcome news for Trump at the
moment, as the report could show yet another month of job losses.
Are we great again yet?
Click here to check out this story on DailyKos.com.
<[link removed]>
We're not asking for much
The average donation to Daily Kos has been just $9.44. These donations may
seem small, but they're a big deal to us. In fact, they are our largest source
of income. We literally couldn't do the work we do without them. Can you join
thousands of other Daily Kos readers and help us with a donation of $9.44 right
now?
Donate $9.44
<[link removed]
On Record&addr1=&city=Cedar Knolls&state=District of Columbia&phone=>
You received this email because you signed up for newsletters from Daily Kos.
To stop receiving this newsletter, unsubscribe
<[link removed]>
ormanage
<[link removed]
On Record&city=Cedar Knolls&state=District of Columbia&country=United
States&metadataCustom=testunsub> which newsletters you receive.
