GoLocalProv Business Team

This week, it was announced that tens of thousands of high-level corporate, transportation, and manufacturing jobs were being eliminated.

The numbers are staggering. And the implications for the economy are significant, with this number of six-figure employees losing their jobs nearly simultaneously.

In the very short-term, the pace has been torrid. In just a couple of weeks, about 100,000 American workers will lose their jobs.

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Here are some of the hard numbers:

UPS has announced the elimination of 48,000 positions — split between 34,000 operational cuts and 14,000 corporate jobs.

Paramount’s new ownership, led by David Ellison, the son of sometime Newport resident Larry Ellison, is slashing 1,000 jobs. 

NBC News announced it would cut 150 jobs as part of its reorganization.

Target is laying off 1,800 corporate jobs. Those jobs are primarily at the headquarters in Minnesota.

GM announced this week that 3,300 jobs are being eliminated as it shifts away from EV vehicles, according to the Wall Street Journal. Those are high-paid manufacturing jobs.

Microsoft, which laid off 6,000 earlier this year, has announced it will be cutting 9,000 more jobs.

Amazon on Tuesday announced 14,000 layoffs, but the Wall Street Journal reports that number is expected to grow to 30,000, primarily in corporate jobs.

The second phase is more daunting. The New York Times reports that internal Amazon documents say the company is moving to replace hundreds of thousands of jobs with robots. Those changes could impact facilities like the new facility in Johnston.

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