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

It's a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill.

Delivery company United Parcel Service reported higher-than-expected earnings but bigger job cuts in its business turnaround goals.

Incoming CEO Michael Fiddelke leads Target's restructuring effort to reduce complexity and speed decision-making, cutting 8% of global headquarters team positions.

City of London veteran Quentin Nason says Gen Z should "think big" and turn to entrepreneurship as AI and automation shrink entry-level career paths.

Plus, U.S. business school applications are slumping and young professionals embrace Y2K style, in this edition of the Careers & Leadership newsletter.

Quonset Business Park is now home to 15,000 jobs, and state leaders celebrated that milestone Monday at a company called Hayward. Owen Surette was named the honorary 15,000th worker. "I'm very excited. I'm very honored," Surette said.

More layoffs could be coming in 2026. Reuters says Amazon is planning for 30,000 cuts. Employees might wonder why it's necessary, given the company's $18 billion profit last quarter.