The end of labour hoarding: How corporate America’s new ruthlessness signals a turning point
Corporate America’s long freeze on layoffs has ended. After years of “labour hoarding” post-pandemic, major firms like Amazon, UPS, Target, and Meta are slashing tens of thousands of jobs to protect profits and appease investors. Driven by overstaffing, economic uncertainty, and rising faith in AI efficiency, the new era signals a ruthless return to cost-cutting capitalism.
Corporate America’s long freeze on layoffs has ended. After years of “labour hoarding” post-pandemic, major firms like Amazon, UPS, Target, and Meta are slashing tens of thousands of jobs to protect profits and appease investors. Driven by overstaffing, economic uncertainty, and rising faith in AI efficiency, the new era signals a ruthless return to cost-cutting capitalism.
