Massive U.S. Job Cuts Signal Market Turmoil

Across the United States, companies are facing a growing wave of layoffs, signaling a shift in the labor market and broader economic uncertainty. Data from ADP and BlockBeats shows an average of 2,500 employees were laid off weekly in October, marking the highest rate in over two decades. This trend has been particularly impactful for major corporations like Amazon and Target, which have both announced significant job cuts.