For most of 2025, the job market was described by economists as "no hire, no fire" — a stretch of time when job seekers faced slim prospects, but workers could count on job security. But that fragile balance may now be shifting, labor experts warn, as mass layoffs at companies like Amazon and UPS signal a possible turning point for the labor market.

Amazon on Tuesday announced 14,000 job cuts, citing a shift toward artificial intelligence, while UPS on the same day said it has reduced its workforce by 48,000 from a year earlier. About one-third of those job cuts occurred in September, UPS Chief Financial Officer Brian Dykes said Tuesday during a conference call.

Target on Tuesday also notified a state employment agency in Minnesota, where the retailer is based, that it plans to lay o

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