Summary
Several major companies in the U.S., including Tyson Foods, FedEx, and General Motors, plan to lay off thousands of workers in January. This comes as economic challenges and advances in technology continue to impact the labor market.
Key Facts
- Over 71,000 job cuts were announced by U.S.-based employers last month.
- Tyson Foods will close a Nebraska plant, resulting in about 3,200 job losses.
- FedEx will layoff 856 workers due to facility closures in Texas.
- General Motors will let go of 1,140 employees in Michigan linked to electric vehicle production challenges.
- The total number of job cuts in 2025 has reached 1.2 million, the highest since 2020.
- Advances in Artificial Intelligence may contribute to more layoffs, particularly in white-collar jobs.
- Other companies like Amazon and HP are also planning long-term cost reductions.
