People Are Saying The Mass Layoffs Happening Across The Country Are Verrrrry Telling About The State Of America Right Now

This week, several major corporations announced mass layoffs — including Amazon, which reportedly began the largest job cuts in its history, slashing 14,000 jobs on Tuesday.

That same day, UPS announced 48,000 layoffs, and GM followed on Wednesday with more than 1,700 layoffs.

They’re among numerous companies that have announced significant job cuts in recent weeks.

“The labor market is clearly weakening,” the Kobeissi Letter, a publication on global capital markets, shared in a tweet that went viral on X.

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Even before the major layoffs from this week, layoffs had already been on the rise, according to data shared with CBS News. From January to September, about 950,000 were eliminated, the largest number since 2020, when the pandemic led to 2 million job cuts through September of that year.

As job insecurity looms for many and SNAP (the Supplemental Nutrition Assistance Program) benefits are set to run out on Saturday, Nov. 1, affecting roughly 42 million Americans amid the ongoing government shutdown, some people are calling the overlap “an absolutely disastrous pairing.”

Twitter: @mynamehear

Online, people are turning to each other to share, vent, and cope. Here’s what everyone’s saying:

“So if we layoff everyone to increase margins this year, who will have money left to buy your products next year?”

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“Who will buy things?”

“I’m just saving as much money as possible because idk what’s about to happen.”

Breakfast Club Power 105.1 FM / @oliviatheehye / Via youtube.com

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“The United States is going through the largest number of layoffs since… checks notes… the last time Donald Trump was President. Every single Republican president in my lifetime has crashed the economy. Trump is the first to do it twice.”

“actual recession indicator btw.”

From California Gov. Gavin Newsom: “Great work @realDonaldTrump.”

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“The economy’s been buckling under the weight of wealth inequality for decades and it’s about to give out bc, for too long, our economy has centered corporations & billionaires. We deserve an economy that centers everyday working people and our right to good jobs & a living wage.”

And lastly:

What are your thoughts? Have you been affected by the mass layoffs? How have you been impacted? Let us know in the comments or at this anonymous form.

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