MLMMOS

Layoff Announcements in 2026: 1. UPS: 30,000 Employees 2. Oracle: 30,000 Employees 3. Amazon: 16,000 Employees 4. Omnicom: 15,000 Employees 5. Meta: 8,000 Employees 6. Microsoft: 4,800 Employees 7. Dow Chemical: 4,500 Employees 8. Cisco: Fewer Than 4,000 Employees 9. American Express: 3,840 Employees 10. Uber: 3,300 Employees 11. Renault: Up to 2,400 Employees 12. Nike: 1,400 Employees 13. General Motors: 1,300 Employees 14. Disney: 1,000 Employees 15. Citigroup: 1,000 Employees The tech sector alone has seen 135,000 layoffs so far in 2026 across 330 companies. Amid rising prices and AI adoption, US corporations are looking reduce expenses and increase efficiency. Keep watching the labor market.

Shocking stat of the day: Estimated annualized interest expense on US federal debt is up to a record $1.38 trillion. This is equivalent to 4.2% of US GDP, the highest percentage since 1997. By comparison, this figure stood at 2.3% in Q4 2020. Annualized interest expense has surged +$900 billion, or nearly +200%, over the last 5 years, rising at an average annual rate of +24%. Meanwhile, in the first 9 months of FY2026, interest expense jumped +$78 billion YoY, to $827 billion, the highest level for this period in history. The cost of servicing US federal debt has never been higher.