Economy and macroUpdated November 5

Holiday hiring plans rebound alongside permanent job cuts

The rebound is in the plans so far: five of the country’s largest companies had announced plans through October to hire 470,400 seasonal workers, up 26% from 2025 but below the 660,150 announced in 2024. Amazon planned 300,000 seasonal hires and UPS 100,000. Industry cut figures tell a separate story: technology, which includes Amazon, had 171,501 announced layoffs; transportation, which includes UPS, had 44,838 cuts, up 188%. Retailers cut 3,692 jobs in October, their biggest monthly reduction since mid-2025.

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Coverage started November 5