From Amazon to Microsoft, tens of thousands of white-collar workers are being cut while the S&P 500 breaks records, showing how Wall Street’s profits rise even as Main Street bleeds

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Remember, there are still analysts out there insisting the economy isn’t slowing down as if the data, the layoffs, and the collapsing demand are all some kind of mirage.

Some of the biggest job cuts announced in recent months.

• Amazon is cutting up to 30,000 corporate jobs.

• Accenture is laying off 11,000 employees.

• Target is cutting about 1,000 jobs.

• General Motors let go of 200 salaried workers.

• Rivian is eliminating 600 jobs.

• NBC News reduced digital staff.

• Meta made new layoffs in tech teams.

• F5 Networks cut 106 positions.

• Oracle laid off 101 workers in Santa Clara.

• Cruise is halving its U.S. workforce.

• Paycom, Charter, and WSJ announced layoffs.

• Applied Materials is cutting 1,444 jobs.

• Microsoft is letting go of 7,000 employees.

• Cisco eliminated 221 roles in California.

• Salesforce trimmed 262 jobs in San Francisco.

Everything is fine because the S&P 500 just hit a new record high.








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