South China Morning Post CENTER (0.0) Reliability: 7.5/10

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

📅 October 29, 2025 02:51 PM 🕐 Scraped: October 29, 2025

Summary: The occupations most likely to be affected would be where entry-level work is replaced with automation, Bank of America economists say.

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.

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October 29, 2025 at 02:51 PM

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