New York : A growing number of major US companies are moving forward with large-scale layoffs and restructuring efforts, reflecting a broad shift toward cost reduction and automation across industries.

Over the past few months, firms ranging from technology giants to retail and energy companies have announced significant workforce reductions aimed at cutting costs, improving efficiency, and responding to changes in business demand.

According to data compiled by employment consultancy Challenger, Gray & Christmas, nearly 950,000 job cuts were announced in the United States by early October 2025, marking a 55 percent increase compared to the same period last year. Analysts now expect total layoffs for the year to surpass one million — the highest since the pandemic-driven cuts in 2020.

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