Layoffs in the United States have accelerated dramatically in October, indicating that 2025 job cuts have reached levels typically seen during recessions, according to newly released data from Challenger, Gray & Christmas, a private firm that tracks workplace reductions.

US employers have announced 1.1 million layoffs so far this year — the largest since the pandemic recession in 2020 and on par with the extensive jobs cuts observed during the Great Recession of 2008 and 2009.

What is reason behind these layoffs?

Employers have pointed to cost-cutting measures and artificial intelligence as the top two reasons for job reductions in October, the Washington Post reported. “We’re entering new territory with these layoffs in October,” said John Challenger, CEO of the consulting firm that

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