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Layoffs in U.S. for October surge to two-decade high, Challenger data shows
Reuters· 2025-11-06 10:37
Core Insights - U.S.-based employers cut more than 150,000 jobs in October, marking the largest reduction for the month in over 20 years [1] - The job cuts are attributed to industries adopting AI-driven changes and intensifying cost-cutting measures [1] Industry Impact - The significant job reduction indicates a shift in workforce dynamics as companies increasingly integrate artificial intelligence into their operations [1] - Cost-cutting strategies are becoming more prevalent across various sectors, reflecting broader economic pressures [1]