The moves follow a year of substantial job cuts, during which US employers eliminated roughly 1.2 million positions. SponsoredSponsoredMajor US Companies Announce Job Cuts in January 2026On Wednesday, e-commerce giant Amazon cut about 16,000 corporate roles. These labor market signals have fueled recession concerns among analysts. But – observe the Labor Market – and you will have clarity!,” he wrote. What Rising Layoffs and Recession Fears Could Mean for CryptocurrenciesThe key question now is how these labor market conditions could affect digital assets.