Job cuts in October hit highest level for the month in 22 years, Challenger says
CNBCยท2025-11-06 12:23
Jobseekers during a NYS Department Of Labor job fair at the Downtown Central Library in Buffalo, New York, US, on Wednesday, Aug. 27, 2025.Layoff announcements soared in October as companies recalibrated staffing levels during the artificial intelligence boom, a sign of potential trouble ahead for the labor market, according to outplacement firm Challenger, Gray & Christmas.Job cuts for the month totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest ...