Global companies ratchet up job cuts amid weak sentiment, AI push

Companies around the globe have ramped up job cuts, with blue-chip firms from Amazon.com to Nestlé and UPS reining in spending, while consumer sentiment dims and artificial intelligence-focused tech companies start to replace business roles with automation.
According to a Reuters tally, American companies have announced more than 25,000 job cuts this month, not including UPS’ 48,000 figure, which dates from the beginning of 2025. In Europe, the total tops 20,000, with Nestlé accounting for the…