After a year of a “no hire, no fire” jobs market, said Jamie McGeever in Reuters, the layoffs are now coming. The last few months have been difficult for those looking for work but generally not stressful for those fully employed. Now, though, a spate of mass layoffs suggests that the jobs picture has moved to “no hire, more fire.” Amazon last week announced 14,000 layoffs, with more to come next year, while “around 25,000 workers are being let go at Intel, 15,000 at Microsoft, and 11,000 at Accenture.” UPS revealed it has eliminated 48,000 positions this year, including 14,000 managers, bringing the total number of job cuts by U.S. employers between January and September to 950,000, according to placement firm Challenger, Gray & Christmas.
Escalating adoption of AI is…