The US economy is staring at a prospect where its job losses for the year could cross 1 million! Nearly 95,00,00 layoffs have happened by US employers through September 2025, marking the highest such figures since 2020, according to outplacement specialists Challenger, Gray & Christmas quoted in a CBS report. The increase in workforce reductions coincides with a slowdown in the labour market, with organisations significantly reducing their recruitment plans, as employment data indicates. Firms are planning to recruit 58% fewer staff for the remainder of the year compared to their projections from the previous year. Challenger, Gray & Christmas predicts the job cuts might exceed 1 million in 2025. Whilst current job losses are significant, they remain considerably lower than the 2020 fi

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