<ul><li>Nearly 130 U.S. companies have announced layoffs in May, affecting various sectors such as tech, healthcare, education, and retail.</li><li>Companies like Amazon, Starbucks, FedEx, JP Morgan Chase, and Wells Fargo are among those cutting jobs due to reasons like cost-cutting and profit protection.</li><li>The layoffs range from a handful to hundreds per employer, with no region untouched, as companies navigate post-pandemic restructuring and react to inflation and rising labor costs.</li><li>The job cuts coincide with declining job openings, slowing wage growth, and uncertainty over interest rate policy, leading to increased job insecurity among workers.</li></ul>

Dozens of U.S. Companies Announce Layoffs in May Amid Economic Pressures

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