US EditionUS layoff announcements top 1.1 million in 2025, the most since 2020 pandemic, Challenger says
November layoffs totaled 71,321, driven by restructuring, AI, and tariffs, raising the 2025 total to 1.17 million, 54% higher than last year, Challenger, Gray & Christmas said.
- Challenger, Gray & Christmas said U.S. employers announced 71,321 planned layoffs Last month, pushing 2025 cuts to 1.17 million, the highest since 2020.
- Companies cited restructuring as the most-cited reason for cuts, followed by closings and market conditions, while AI and tariffs also contributed to November layoffs.
- Verizon's announcement accounted for a large share, cutting more than 13,000 jobs, while tech companies listed 12,377 reductions and ADP reported 32,000 private payroll cuts in November.
- Employers have announced 497,151 planned hires, off 35% from the same point in 2024, and hiring prospects have been dim this year, Challenger report said.
- Historically, over 70,000 job cuts in November are rare, with Challenger explaining, `It was the trend to announce layoff plans toward the end of the year, to align with most companies' fiscal year-ends.
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Over 1.1M layoffs planned for this year — the highest level since 2020 pandemic
US employers have announced more than 1.1 million layoffs so far this year – the most since the COVID pandemic hit in 2020, consulting firm Challenger, Gray & Christmas said in a report Thursday.
Layoffs so far in 2025 highest since 2020: Research
U.S.-based employers experienced more than 1.17 million job cuts so far in 2025, the highest level since the first year of the COVID-19 pandemic, according to a new report from outplacement firm Challenger, Gray and Christmas. From January to November of this year, employers cut 1,170,821 jobs, a 54 percent increase from the 761,358 jobs cut during…
1.1 million layoffs this year — more than any since the pandemic
There were over 70,000 job cuts last month.Joe Raedle/Getty Images2025 has seen over 1.1 million job cuts in the US so far, according to Challenger, Gray & Christmas.The firm said it was just the sixth time since 1993 that the figure had passed 1.1 million.It's also the most layoffs in a year since 2020, when the COVID pandemic upended the labor market.This year has seen the most layoffs in the US since the pandemic, according to the consulting …
US Layoff Plans Eased, But Still Highest for November Since 2022
Announced layoffs at US companies fell last month after surging in October, but were still the highest for any November in three years, according to data from outplacement firm Challenger, Gray & Christmas.
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