Marketplace On track for a layoffs record
48 snips
Oct 2, 2025 
Jenny Han, a bestselling young adult novelist and the creative mind behind 'The Summer I Turned Pretty', shares her inspiring journey from nanny to Amazon Prime showrunner. She discusses the creative control she demands in adapting her novels and the challenges of balancing business pressures with writing. The conversation highlights her unique approach to storytelling and audience connection. Meanwhile, the podcast reveals unsettling trends in the labor market, exacerbated by AI and federal cuts, with insights into recession signals and the rising demands in industrial storage.
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Layoffs Spike From Federal Cuts And AI Tests
- Layoff announcements this year are the highest since 2020 largely due to early federal worker cuts and contractor spillovers.
- Tech and leisure sectors also face cuts as firms test replacing roles with AI and investors expect similar impacts elsewhere.
Contractor Cuts Ripple Locally
- Government contractor and nonprofit layoffs ripple into local economies, hitting restaurants and hospitality near D.C.
- Those spillovers amplify unemployment beyond the initial federal workforce reductions.
AI Prompts Role Re-Evaluation Across Sectors
- Companies increasingly evaluate open roles for AI substitution and often test whether tasks can be automated.
- Investors expect AI-driven job impacts to spread to finance, retail, and warehousing.
