Companies announced the most October job cuts in over 20 years—153,074 positions—as AI adoption and cost-cutting accelerate across industries.

Tech and warehouse sectors led layoffs, with Amazon, Target, Starbucks and others slashing thousands of corporate jobs amid faltering consumer spending.

Year-to-date job cuts exceed 1 million, the most since the pandemic, though some executives predict AI will ultimately create new employment.

Companies announced the most job cuts for any October in more than two decades as artificial intelligence reshapes industries and cost-cutting accelerates, according to data from outplacement firm Challenger, Gray & Christmas Inc.

Companies announced 153,074 job cuts last month, almost triple the number during the same month last year and driven by the tec

See Full Page