US companies cut jobs amid AI investments
WASHINGTON (TNND) — The U.S. economy is showing signs of stability, but a wave of layoffs is sweeping through major companies, including Procter & Gamble, Microsoft, Citigroup, Walmart, Klarna, Disney, Paramount, and Warner Bros. Discovery, according to CNBC. Despite a steady labor market, these companies are under pressure to reduce costs due to global uncertainty linked to tariffs imposed by President Donald Trump. Experts indicate that while government job cuts are decreasing, companies are still feeling the financial strain. Many have resorted to raising prices, but layoffs remain a significant...