October US layoffs reach 20-year high amid AI and cost-cutting trends
TL;DR Summary
Employers have announced 1.1 million job cuts so far this year, reaching levels comparable to a recession, according to a private firm report.
- Layoffs rise to recession-like levels through October, new report says The Washington Post
- Layoff announcements surged last month: The worst October in 22 years CNN
- Job cuts in October hit highest level for the month in 22 years, Challenger says CNBC
- US layoffs for October surge to two-decade high, Challenger data shows Reuters
- US Has Most October Layoffs in Over 20 Years on AI and Cost Cuts Bloomberg.com
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