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5 days agoUS layoffs for October surge to two‑decade high with 153,074 cuts
On 6 November 2025, data from Challenger, Gray & Christmas showed U.S. employers announced 153,074 planned layoffs in October — the highest for that month since 2003. The surge, up 175 % year‑on‑year, was driven by cost‑cutting and increased use of AI, particularly in tech firms, with total job‑cut announcements for 2025 reaching nearly 1.1 million. The sharp uptick adds to concerns that the labour market is weakening and may limit consumer spending just as inflation remains sticky.
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
negative
5 days agoUS layoffs for October surge to two‑decade high with 153,074 cuts
On 6 November 2025, data from Challenger, Gray & Christmas showed U.S. employers announced 153,074 planned layoffs in October — the highest for that month since 2003. The surge, up 175 % year‑on‑year, was driven by cost‑cutting and increased use of AI, particularly in tech firms, with total job‑cut announcements for 2025 reaching nearly 1.1 million. The sharp uptick adds to concerns that the labour market is weakening and may limit consumer spending just as inflation remains sticky.
Reuters• By Harsh Ranjan
Explore:High Return Equity Mutual Fund
5 days ago
1 min read
78 words
October U.S. job‑cut announcements reached 153,074 — the worst October showing since 2003 amid cost‑cuts and AI disruption.
On 6 November 2025, data from Challenger, Gray & Christmas showed U.S. employers announced 153,074 planned layoffs in October — the highest for that month since 2003. The surge, up 175 % year‑on‑year, was driven by cost‑cutting and increased use of AI, particularly in tech firms, with total job‑cut announcements for 2025 reaching nearly 1.1 million. The sharp uptick adds to concerns that the labour market is weakening and may limit consumer spending just as inflation remains sticky.
On 6 November 2025, data from Challenger, Gray & Christmas showed U.S. employers announced 153,074 planned layoffs in October — the highest for that month since 2003. The surge, up 175 % year‑on‑year, was driven by cost‑cutting and increased use of AI, particularly in tech firms, with total job‑cut announcements for 2025 reaching nearly 1.1 million. The sharp uptick adds to concerns that the labour market is weakening and may limit consumer spending just as inflation remains sticky.
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economy
us
economy
us
layoffs
jobs
ai
cost‑cutting
Nov 6, 2025 • 20:58 IST