Summary
Many companies, including Amazon and FedEx, plan to lay off employees in January. These layoffs will affect thousands of workers and are partly due to economic factors and company restructuring. Over 100 companies have announced layoffs through official notices.
Key Facts
- Companies must provide a 60-day notice before mass layoffs, according to a law called the Worker Adjustment and Retraining Notification (WARN) Act.
- Mass layoffs involve either 50 employees from one-third of the workforce or 500 employees being let go in a 30-day period.
- In 2025, there were over 1.1 million layoffs.
- More than 100 businesses plan to lay off employees in January 2026.
- Well-known companies like Amazon, FedEx, and General Motors are among those laying off workers.
- These layoffs may be due to economic challenges, restructuring, or profit-maximizing strategies.
- Economic uncertainty is influenced by trade issues, fiscal policies, and government shutdowns.
