Is It Legit Podcast
This podcast is obsessed with improving relationships. The approach encompasses finances and health as they are huge contributors to our relational health.
Is It Legit Podcast
"Where Did JOB SECURITY Go?!" | Tech Lays Off In DROVES #ai
- Amazon is implementing its largest round of corporate layoffs in years, with 14,000 job cuts globally and as many as 30,000 potentially targeted overall
-2,303 of these layoffs are in Washington state, concentrated in Seattle and Bellevue offices, plus remote workers and distribution center roles.axios+3
-More than 600 software engineering jobs were lost in WA—over a quarter of local Amazon cuts.geekwire
-Cuts are attributed to AI-driven efficiency and restructuring, with spending prioritized for data center expansion versus staffing.kuowyoutube
Broader Washington state job market:
-Unemployment claims have risen 20% since spring 2025
-Sectors most impacted: technology, public sector (due to at least 6% budget cuts), healthcare, and some seasonal
Seattle’s job market had already weakened in professional/business services prior to these Amazon cuts, with tech companies making up 75% of local payroll-tax revenue.axios
National U.S. job cuts landscape (2025 YTD):
Nearly 1 million job cuts anticipated by year-end; 744,000 already announced by midyear—highest since 2020.visualcapitalist+1
Leading sectors for layoffs:
Government: 288,600 cuts (mainly federal budget actions)
Retail: 79,900 cuts.
Technology: 76,200 cuts; year-over-year up 27%.
Tech and retail sectors continue to shed jobs at a rapid pace as companies automate, restructure, and shift capital to AI-driven initiatives.
This marks the fifth largest national wave of layoffs in 36 years.
Summary:
Layoffs driven by technology adoption (esp. AI), company restructuring, and government budget actions.
Most severe impacts in tech-centric states like Washington; reinforcing local and national economic uncertainty.
Economic recovery is not expected before the second half of 2026, with a mild slowdown predicted instead of a deep recession; the U.S. unemployment rate could peak near 4.6% in early 2026, then ease as job growth resumes by late 2026.
The downturn will be uneven: expect continued job losses in manufacturing, retail, and government, but persistent demand in healthcare, green energy, and skilled technical fields.
Job seekers will benefit most by targeting health, energy, and tech roles requiring specialized skills or certifications.