Tech layoffs were just the start: 1.6 million more US job cuts could push America toward recession

Economic Times - Nov 6, 2026

US technology layoffs have crossed 200,000 in 2026, with Google, Microsoft, Amazon and other major companies cutting jobs. But the bigger concern is whether the trend will spread to retail and financial services, where another 1.6 million job losses could push unemployment higher and raise fears of a US recession.

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