October Sees Record-Lowest Job Cuts in Over Two Decades
TL;DR Summary
In October 2025, US layoffs reached a 22-year high with over 153,000 planned job cuts, driven by AI adoption, economic slowdown, and rising costs, especially impacting tech, retail, and warehousing sectors. Despite some optimistic statements from officials, the job market remains shaky with over 1.1 million layoffs so far this year, and prospects for late-year hiring are bleak.
- Layoffs hit highest point in over two decades: report Salon.com
- Last month marked worst October for layoffs in more than 20 years: Challenger Yahoo Finance
- Hundreds of thousands of tech workers are in trouble, new report shows SFGATE
- October Challenger Report: 153,074 Job Cuts on Cost-Cutting & AI Challenger, Gray & Christmas, Inc.
- Layoff announcements surged last month: The worst October in 22 years CNN
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