In the first five months of 2025, U.S. retailers announced 75,082 layoffs—an astonishing 274% increase compared to the same period last year, driven largely by mass store closures. Macy’s is a leading contributor: under its “Bold New Chapter” strategy, the chain will shutter approximately 150 underperforming stores by 2026—including 66 closures announced this quarter—fueling nationwide job ...
FedEx Axes 4,860 Workers in Ruthless Shift to Robotic Labor
A shocking wave of layoffs just swept FedEx, with approximately 4,860 U.S. positions cut under its sweeping Network 2.0 automation overhaul. This marks one of the largest workforce disruptions in recent memory. Across dozens of hubs and facilities, human roles are being replaced by robots and consolidated operations. FedEx says integrating its Express and Ground systems and adding AI-driven ...