Layoffs by major firms total tens of thousands, Andrew Lokenauth notes

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06.07.2026

Layoffs by major firms total tens of thousands, Andrew Lokenauth notes — Major companies announce July layoffs

Andrew Lokenauth highlights that leading companies such as UPS, Oracle, Amazon, Dell, Meta, Microsoft, Block, Cisco, Intuit, Nike, and Walmart have collectively announced significant layoffs, with figures ranging from 1,000 to 30,000 employees for each firm. These announcements have all taken place by July.

The ongoing wave of workforce reductions underscores growing concerns about the corporate employment landscape during this period.

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Lokenauth has recently noted other signs of volatility in global markets. U.S. stock market futures fell earlier this year as oil prices jumped on new Iran tensions, with the S&P 500 off 0.4% and the Nasdaq down 0.6% at the time. In Asia, South Korea halted all stock market trading after an 8 percent drop in the KOSPI index, and the won hit its lowest level since 2009 during the selloff.

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