October Sees Record-Lowest Job Cuts in 22 Years
TL;DR Summary
Layoff announcements in the US surged in October, marking the worst October in 22 years, driven by AI disruptions, softening consumer and corporate spending, and rising costs, with over a million layoffs in the first 10 months of the year. The ongoing government shutdown has delayed key economic data, complicating policymaking and economic assessment.
- Layoff announcements surged last month: The worst October in 22 years CNN
- October Challenger Report: 153,074 Job Cuts on Cost-Cutting & AI Challenger, Gray & Christmas, Inc.
- Last month was the worst October for layoffs since 2003, outplacement firm reports KATU
- Hundreds of thousands of tech workers are in trouble, new report shows SFGATE
- Job cuts in October hit highest level for the month in 22 years, Challenger says CNBC
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
2 min
vs 2 min read
Condensed
86%
384 → 54 words
Want the full story? Read the original article
Read on CNN