Spirit AeroSystems is laying off 400-450 hourly production workers in Wichita due to high inventory levels.

Over the past few weeks, the freight and logistics industry has witnessed significant layoffs across several states including Florida, Georgia, Illinois, Michigan, and Texas.

In the fast-paced world of logistics, FedEx and UPS are making some big changes.

The freight and logistics sector continues to face mass layoffs, with recent announcements in California, Illinois, and Michigan.

UPS is scaling back package sorting shifts and reducing staff at facilities in Connecticut, Maryland, and Oregon due to decreased demand for package delivery.

Flexport, the supply chain logistics firm, is undergoing its third round of layoffs in about a year, reducing its workforce by approximately 15% as part of cost-cutting measures to achieve profitability.

Major logistics company, Penske Logistics, recently filed notices indicating plans to cut over 200 truck driver and warehouse jobs in Washington and Oregon by March 31.

UPS is set to cut 12,000 jobs in a cost-saving move aimed at reducing expenses by $1 billion.

Amazon.com has announced layoffs affecting fewer than 5% of its Buy with Prime unit employees.

Citigroup is set to trim its workforce by 20,000 employees over the next two years, according to CFO Mark Mason, following a dismal fourth quarter in 2023 where the bank reported a net loss of $1.8 billion, its worst in 15 years.

Amazon is undergoing layoffs in its Prime Video and MGM Studios divisions, with hundreds of employees affected.

Lazada, the Southeast Asian e-commerce platform owned by Alibaba, has initiated a new round of layoffs that will be affecting employees across all Southeast Asian markets.

General Motors (GM) is laying off 1,314 workers at two Michigan plants, including one that produced the discontinued Chevy Bolt EV.

Cruise, the robotaxi company, has announced the layoff of 900 employees following the firing of nine executives amid the fallout from an October incident involving a pedestrian.

Ford Motor announced that it is laying off an additional 150 workers in Michigan due to the ongoing United Auto Workers (UAW) strike, bringing the total number of furloughed workers to 2,730.

General Motors (GM) has laid off more employees due to the ongoing United Auto Workers (UAW) strike, bringing the total number of furloughed workers related to the strike to over 2,100.

Yellow Corp. is facing a class-action lawsuit by a laid-off employee, Armando Rivera, who alleges that the company failed to provide the required 60 days' notice before mass layoffs affecting approximately 30,000 workers.

Volatile energy price swings are causing a ruckus among companies across all sectors, according to a recent survey taken by Zurich-based ABB Electrification, the appliances, electrical, and electronics manufacturing arm of industrial automation provider ABB

Tyson Foods has announced the closure of 2 poultry processing and hatching plants in Virginia and Arkansas.

If companies don’t retrain employees working on manufacturing lines, thousands of jobs could be replaced with automation or robotics.