Not sure if AI has anything to do with it but...
Tens of thousands of layoffs have been announced across major sectors in late October 2025, with UPS, Amazon, Intel and Nestlé leading the cuts. Over 112,000 tech jobs alone have been eliminated this year, and broader corporate downsizing is accelerating.
Just during October alone, UPS announced 48,000 job cuts, Amazon 14,000, Intel 24,000, Nestle 16,000, Accenture 11,000, Novo Nordisk 9,000, Applied Materials 1,444, Target 1,000, Charter Telecom 1,200 and CBS/Paramount 1,000.
These are notable corporations cutting staff, but other major companies like JPMorgan Chase have implemented a hiring freeze across multiple divisions in late 2025, driven by its aggressive deployment of artificial intelligence and cost discipline. Managers have been instructed to avoid hiring unless absolutely necessary.
If you’re a low level coder, your days are numbered. If you’re a designer/engineer, AI is making your life easier as you don’t have to farm the work out to the aforementioned. If you’re a data analyst or financial manager, you are already prompting AI to build the queries to pull your data and create your decks. If not, you’ve probably missed the boat.