US EditionJob cuts in October hit highest level for the month in 22 years, new report says
- On Nov 6, Challenger, Gray & Christmas reported U.S. employers announced 153,074 job cuts in October, the largest October since 2003, a 175% rise from last year.
- Cost-Cutting measures drove much of the activity, causing 50,437 layoffs, while artificial intelligence prompted 31,039 cuts in October, and the report said `DOGE Impact` leads 2025 federal-related reductions.
- Warehousing and technology executives announced nearly 48,000 warehousing cuts, more than 33,000 technology job eliminations, and about 34,000 operational roles cut last month.
- Bond investors pushed Treasury yields lower as markets reacted to labor-market weakness, with the 30-year bond yield falling to 4.712% and the 2-year note yield retreating to 3.588%.
- Employers have now announced over one million layoffs this year, a 65% year-over-year increase, with hiring plans averaging 48,808 new hires monthly, the lowest since 2011.
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A 20-year record for job cuts
The firm Challenger, Gray & Christmas counted over 153,000 job cuts in this country last month — the most October layoffs since 2003. Are companies pivoting to save money in light of over hiring and AI, or we are we moving toward a more serious slowdown? Also in this episode: A training center in China narrows the gap between tech manufacturing labor supply and demand, the FAA orders flight cuts, and “green” data centers face expensive challenge…
US layoffs surge in October
US layoffs surged in October, pushing this year’s job cuts to levels normally seen in a recession. The new figures from a consulting firm fuel concerns about a labor market slowdown in the absence of official government data; the 1.1 million layoffs this year include reductions at large firms including UPS, Amazon, and Target. While many companies cited AI as a reason for the cuts, some analysts said employers may be “AI-washing” — blaming the t…
AI, cost cutting drive layoffs to recession-like levels: Report
U.S. employers eliminated 153,074 jobs In October, up 175% from the same month last year, as layoffs rose to recession-like levels, according to a new report. Challenger, Gray & Christmas, an outplacement and executive coaching company, said the layoffs were the most in any October in more than two decades. Cost cutting and the rise of artificial intelligence were largely to blame, according to the firm. Technology companies were among those who…
U.S. corporate layoffs top 1 million so far in 2025; 153,000 job cuts in October alone - Tech Startups
The wave of layoffs that began in the tech sector early this year has now swept through nearly every corner of corporate America. According to data released by Challenger, Gray & Christmas (CGC), U.S. employers announced 153,074 job cuts in […] The post U.S. corporate layoffs top 1 million so far in 2025; 153,000 job cuts in October alone first appeared on Tech Startups.
AI wreaks havoc on US jobs with two-decade high 150K cut in October – bringing 2025 total to 1M: report
US employers axed about 153,000 workers last month -- making it the worst October for layoffs in two decades and bringing total firings for the year so far to over 1 million, according to a new report that noted many companies blamed the latest layoffs on AI.
'October’s pace of job cutting was much higher than average': Definitive layoff report reveals 'DOGE impact' on labor market
Andy Challenger says “Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.”
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