Story perspectives

US Job Market Weakens as Layoffs Surge to Highest Since 2016

11/28/2025

Summary

Story summary

Goldman Sachs economists warn the US job market may be softening due to rising layoffs.
State filings for mass layoffs have reached their highest level since 2016, excluding the pandemic spike.
Amazon is cutting jobs, eliminating 14,000 corporate positions.
Although evidence linking cuts to artificial intelligence remains limited, most firms cite restructuring.
The trend may continue as discussions about workforce reductions increase among publicly traded companies.

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Story summary

Goldman Sachs economists warn the US job market may be softening due to rising layoffs.
State filings for mass layoffs have reached their highest level since 2016, excluding the pandemic spike.
Amazon is cutting jobs, eliminating 14,000 corporate positions.
Although evidence linking cuts to artificial intelligence remains limited, most firms cite restructuring.
The trend may continue as discussions about workforce reductions increase among publicly traded companies.