🇺🇸 The “Strong Labor Market” Narrative Is Cracking

While Jerome Powell talks about stability, the U.S. is quietly facing one of its biggest layoff waves in years.

Here are the recent layoffs announced across major U.S. employers:

US Government — 307,000

UPS — 48,000

Amazon — up to 30,000

Intel — 24,000

Nestlé — 16,000

Verizon — 15,000

Accenture — 11,000

Ford — 11,000

Novo Nordisk — 9,000

Microsoft — 7,000

PwC — 5,600

Salesforce — 4,000

IBM — 2,700

American Airlines — 2,700

Paramount — 2,000

Target — 1,800

General Motors — 1,500

Applied Materials — 1,444

Kroger — 1,000

Meta — 600

📉 Hundreds of thousands of skilled workers are suddenly back on the market. The question now is simple:

Where will all these people go?

Tech?

AI startups?

Crypto, $BTC ?

Web3 infrastructure?

Or will this become another macro pressure point for the U.S. economy?