The United States job market is going through a tough phase, with layoffs hitting the highest October level since 2003. A report by Challenger, Gray & Christmas said that companies announced around 1.5 lakh job cuts in October 2025, which is almost three times higher than the previous month.

So far this year, nearly one million people have lost their jobs across various sectors like technology, retail, services, warehousing, and media. Experts say this is mainly because of the rise of Artificial Intelligence (AI), higher business costs, and reduced consumer spending. Many companies are cutting staff to save money and shift their focus to automation.

The technology sector was among the worst affected, with over 33,000 people losing their jobs in October. The warehousing sector saw almost

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