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News  ›  Benzinga

Amazon, UPS And Intel Lead The Way With Layoffs: Consumer Confidence Takes A Beating As Thousands Of Jobs Face The Ax

Benzinga Logo Benzinga By Vishaal Sanjay
Amazon, UPS And Intel Lead The Way With Layoffs: Consumer Confidence Takes A Beating As Thousands Of Jobs Face The Ax

Major U.S. tech and logistics companies are conducting significant workforce reductions, with UPS, Amazon, and Intel leading substantial job cuts, signaling potential weakness in the labor market and impacting consumer confidence.

Insights
WMT   neutral

Mentioned only in context of Zepbound distribution, no specific performance details discussed


UPS   negative

Reduced workforce by 48,000 roles, exceeding initial job cut estimates