U.S.-based companies announced over 153,000 job cuts in October , marking the highest total for the month in over two decades, according to a report by Challenger, Gray & Christmas. The firm stated that this is also the largest number of job cuts for a single month in the fourth quarter since 2008. From January through October, nearly 1.1 million jobs have been cut, the most since the onset of the COVID-19 pandemic in 2020.

The trend of job cuts is attributed to various factors, including economic adjustments and company-specific challenges. For instance, Bloomberg reported that companies like Starbucks, Target, Amazon, and Paramount have recently announced significant layoffs , citing reasons such as restructuring, technological advancements, and market demands. Starbucks eliminate

See Full Page