Layoff wave spreads across US: Starbucks, FedEx, Frito-Lay, Microsoft may axe jobs in July - here’s what’s going wrong

Layoff wave spreads across US: Starbucks, FedEx, Frito-Lay, Microsoft may axe jobs in July - here’s what’s going wrong

US companies are bracing for intensified layoffs this July, with nearly 95 employers planning job cuts across diverse sectors like tech, retail, and healthcare. Microsoft is expected to lay off between 1,000 and 2,500 workers. Factors driving these reductions include restructuring for profitability, Trump's tariffs, inflation, and weakening consumer demand.