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

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

In response to strong sales, GM has increased its automotive operating cash flow guidance for 2025 to $19.2 billion to $21.2 billion, up from an estimated $17 billion to $20.5 billion.

The job cuts come as Amazon CEO Andy Jassy has said he envisions the company relying on AI agents to replace human workers.

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.

The impending corporate layoffs amount to the largest such job reduction in the company's history, CNBC and Reuters reported, citing anonymous sources.Start the day smarter. Get all the news you need in your inbox each morning.