Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.

Delivery company United Parcel Service reported higher-than-expected earnings but bigger job cuts in its business turnaround goals.

It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill.

Incoming CEO Michael Fiddelke leads Target's restructuring effort to reduce complexity and speed decision-making, cutting 8% of global headquarters team positions.

City of London veteran Quentin Nason says Gen Z should "think big" and turn to entrepreneurship as AI and automation shrink entry-level career paths.

Quonset Business Park is now home to 15,000 jobs, and state leaders celebrated that milestone Monday at a company called Hayward. Owen Surette was named the honorary 15,000th worker. "I'm very excited. I'm very honored," Surette said.

Amazon's layoffs add to the thousands of tech jobs lost this year from industry giants like Microsoft and Meta, which have conducted layoffs as they pump more money into AI infrastructure.