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[Recent Layoffs At Amazon, Paramount, And UPS Amidst AI Concerns] Amazon Announced 14,000 Job Cuts, Paramount Laid Off 1,000, And UPS Reduced Its Workforce By Thousands. This Follows Meta's 11,000 Job Cuts In Late 2022, Which Impacted Over 250,000 People Across Various Companies. Federal Reserve Chair Jerome Powell Noted That Many Companies Attribute These Reductions To AI. Economists, Including Guy Berger Of Guild And Ernie Tedeschi Of Yale's Budget Lab, Currently View These As Outliers Rather Than A Widespread Trend Indicating A Significant Downturn, As The Overall US Labor Market Still Averages 1.7 Million Layoffs Monthly.

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