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business1 month ago

Layoffs soared in October to their highest for the month in 22 years, report says

https://www.cbsnews.com/news/economy-layoffs-job-cuts-october-2025-highest-22-years-challenger/https://www.cnbc.com/2025/11/06/job-cuts-in-october-hit-highest-level-for-the-month-in-22-years-challenger-says.htmlhttps://www.foxbusiness.com/economy/layoffs-october-hit-highest-level-month-22-years-companies-cite-cost-cutting-ai
Cbsnews.com and 18 more
Layoffs soared in October to their highest for the month in 22 years, report says Open in Cbsnews.com
Highlights
  • Layoffs across the U.S. soared last month to more than 153,000, marking the worst October for job reductions in 22 years, according to outplacement firm Challenger, Gray & Christmas.
  • "October's pace of job cutting was much higher than average for the month," Andy Challenger, a workplace expert and chief revenue officer for Challenger, Gray & Christmas, said in a statement.
  • Analysts say the October deterioration hints at a durable shift as firms reduce staff and increasingly rely on AI to curb payroll costs amid tighter budgets.

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References

Job cuts in October hit highest level for the month in 22 years, Challenger says

https://www.cnbc.com/2025/11/06/job-cuts-in-october-hit-highest-level-for-the-month-in-22-years-challenger-says.htmlCnbc.com
Job cuts in October hit highest level for the month in 22 years, Challenger says

Layoffs in October hit highest level for month in 22 years as companies cite cost-cutting, AI

https://www.foxbusiness.com/economy/layoffs-october-hit-highest-level-month-22-years-companies-cite-cost-cutting-aiFoxbusiness.com
Layoffs in October hit highest level for month in 22 years as companies cite cost-cutting, AI

Last month marked worst October for layoffs in more than 20 years: Challenger

https://finance.yahoo.com/news/last-month-marked-worst-october-for-layoffs-in-more-than-20-years-challenger-132320043.htmlFinance.yahoo.com

Layoff announcements surged last month: The worst October in 22 years | CNN Business

https://www.cnn.com/2025/11/06/economy/job-layoff-announcements-challengerCnn.com
Layoff announcements surged last month: The worst October in 22 years | CNN Business

October monthly job cuts surged to a 22-year high

https://www.nbcnews.com/business/business-news/job-cuts-layoffs-october-challenger-rcna242306Nbcnews.com
October monthly job cuts surged to a 22-year high

'Trump’s economy suuuuucks!' Panic as biggest layoffs in 22 years hit major corporations

https://www.rawstory.com/trumps-economy-suuuuucks-panic-as-biggest-layoffs-in-22-years-hit-major-corporations/Rawstory.com
'Trump’s economy suuuuucks!' Panic as biggest layoffs in 22 years hit major corporations

The worst October layoffs data in 22 years is spearheading more losses in stocks

https://www.businessinsider.com/layoffs-job-market-stock-market-today-challenger-october-adp-2025-11Businessinsider.com
The worst October layoffs data in 22 years is spearheading more losses in stocks

U.S. companies cut 150K jobs in October; 183% jump from September - UPI.com

https://www.upi.com/Top_News/US/2025/11/06/job-layoffs-cuts/1561762435745/Upi.com
U.S. companies cut 150K jobs in October; 183% jump from September - UPI.com

U.S. Companies Experience Worst October Layoffs in 20 Years

https://www.entrepreneur.com/business-news/us-companies-experience-worst-october-layoffs-in-20-years/499284Entrepreneur.com
U.S. Companies Experience Worst October Layoffs in 20 Years

US companies have laid off more than 1 million workers this year

https://www.businessreport.com/article/us-companies-have-now-laid-off-more-than-1-million-workers-this-yearBusinessreport.com

Millions Suffer as Trump’s Economy Crumbles

https://sdvoice.info/millions-suffer-as-trumps-economy-crumbles/Sdvoice.info
Millions Suffer as Trump’s Economy Crumbles

'October’s pace of job cutting was much higher than average': Definitive layoff report reveals 'DOGE impact' on labor market | Fortune

https://fortune.com/2025/11/06/how-many-layoffs-doge-impact-job-cuts-ai-impact/Fortune.com
'October’s pace of job cutting was much higher than average': Definitive layoff report reveals 'DOGE impact' on labor market | Fortune

AI wreaks havoc on US jobs with two-decade high 150K cut in October – bringing 2025 total to 1M: report

https://nypost.com/2025/11/06/business/ai-wreaks-havoc-on-us-jobs-with-two-decade-high-150k-cut-in-october-report/Nypost.com
AI wreaks havoc on US jobs with two-decade high 150K cut in October – bringing 2025 total to 1M: report

Last month was the worst October for layoffs since 2003, outplacement firm reports

https://foxbaltimore.com/news/nation-world/last-month-was-the-worst-october-for-layoffs-since-2003-outplacement-firm-reports-president-donald-trump-artifical-intellifence-economic-data-doge-retail-federation-seasonal-workersFoxbaltimore.com
Last month was the worst October for layoffs since 2003, outplacement firm reports

US companies announce most October Job Cuts in over 20 years

https://equipmentfinancenews.com/news/lender-operations/us-companies-announce-most-october-job-cuts-in-over-20-years/Equipmentfinancenews.com
US companies announce most October Job Cuts in over 20 years

US Companies Announce Most October Job Cuts in Over 20 Years

https://www.bloomberg.com/news/videos/2025-11-06/us-companies-post-most-october-job-cuts-in-over-20-years-videoBloomberg.com
US Companies Announce Most October Job Cuts in Over 20 Years

U.S. companies' layoffs largest in 22 years... employment shock hits amid 'AI bubble' debate

https://bloomingbit.io/en/feed/news/100354Bloomingbit.io
U.S. companies' layoffs largest in 22 years... employment shock hits amid 'AI bubble' debate

Job cuts soar to 22-year high as firms break taboo on firing staff

https://www.dailymail.co.uk/yourmoney/article-15266313/america-job-layoffs-ai-cost-cutting-holiday-sacking-taboo.htmlDailymail.co.uk
Job cuts soar to 22-year high as firms break taboo on firing staff

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