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"No hire, no fire" job market may no longer be a thing as big companies announce mass layoffs
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"No hire, no fire" job market may no longer be a thing as big companies announce mass layoffs

1 min read

Amazon and UPS on Tuesday announced tens of thousands of job cuts, the latest signal that the U.S. labor market is downshifting.

For most of 2025, the job market was described by economists as "no hire, no fire" — a stretch of time when job seekers faced slim prospects, but workers could count on job security. But that fragile balance may now be shifting, labor experts warn, a... [5315 chars]

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Source: CBS News

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