Goldman Sachs reports stress signals in US job market with layoff rates nearing a decade high

Goldman Sachs has observed significant stress signals in the US job market, noting a rise in WARN filings for large-scale layoffs to levels not seen since 2016.

October layoff announcements are alarming, approaching recessionary levels, particularly affecting technology and industrial sectors, adding difficulty for job seekers.

Amazon is planning to cut around 14,000 corporate positions this fall, though Goldman Sachs does not attribute the recent layoffs primarily to AI advancements.