U.S. employers eliminated 153,074 jobs In October, up 175% from the same month last year, as layoffs rose to recession-like levels

[ggmopa]

JOB CUTS SURPASS 1 MILLION; HIGHEST OCTOBER TOTAL SINCE 2003. COMPANIES CITE COST-CUTTING, AI IN OCTOBER​

U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas.

“This is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008. Like in 2003, a disruptive technology is changing the landscape,” said Challenger.

WHICH INDUSTRIES ARE CUTTING THE MOST IN OCTOBER?​

Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures. In October, the sector announced 33,281 job cuts, up sharply from 5,639 in September. For the year, Technology firms have announced 141,159 job cuts, up 17% from the 120,470 announced through the same period in 2024.

Retailers announced 2,431 job cuts in October, down from 2,577 the prior month, but the sector remains among the hardest hit this year. So far in 2025, Retail has announced 88,664 job cuts, a 145% increase from the 36,136 announced through October last year. The sector continues to face cost pressures, shifting consumer habits, and ongoing store closures.

The Services sector, which includes companies that provide support to other businesses such as cleaning, staffing, and outsourcing firms, announced 1,990 job cuts in October, down from 6,290 in September. Year to date, the sector has announced 63,580 job cuts, up 62% from the 39,296 announced through October 2024.

Warehousing led all industries in October cuts, announcing 47,878 job cuts, up from 984 in September. Year to date, the sector has cut 90,418 jobs, a 378% increase from the 18,904 cuts announced in the same period last year. The surge suggests ongoing overcapacity and automation-driven restructuring following pandemic-era growth.

Consumer Products companies announced 3,409 job cuts in October, up from 1,983 in September. For the year, the sector has announced 41,033 job cuts, up 21% from the 33,865 cuts announced during the same period in 2024, as companies adjust production and workforce levels amid softening demand and changing consumer preferences.

Non-profits continue to be impacted by Government funding as well as rising costs. These entities announced plans to cut 27,651 this year, an increase of 419% from the 5,329 announced by this point in 2024.

The Media industry has announced 16,680 cuts so far in 2025, up 26% from the 13,279 cuts announced in the first ten months of last year.

News, which Challenger tracks as a subset of Media and includes broadcast, digital, and print, has announced 2,075 job cuts so far this year, 337 of which occurred in October. That is the highest monthly total since 462 in May. For the year, News cuts are down 41% from the 3,520 cuts announced during the same period last year.

But also...

“DOGE Impact” remains the leading reason for job cut announcements in 2025, cited in 293,753 planned layoffs so far this year. This includes direct reductions to the Federal workforce and its contractors. An additional 20,976 cuts have been attributed to DOGE Downstream Impact, which reflects the loss of federal funding to private and non-profit entities.

Meanwhile...

Elon Musk could become world's first trillionaire thanks to Tesla share deal​

Source


Where is all this heading?

 

[SilverClouds]

Yeah, job market is sooo bad right now. Even telling someone 'go get a job' isn't funny anymore.

 

[t2van]

Where is all this heading?

A bad place

 

[Dopious]

But they love their little piggy.

 

[payal23j]

Right, recession is so bad for people who depend on jobs as their bread and butter is from the job itself.

 

[ggmopa]

But they love their little piggy.

You mean this guy? Pretty much sums him up in a nutshell

 

[ExecutePHP]

You mean this guy? Pretty much sums him up in a nutshell

He’s a piece of shit.

It’s weird to me that people can still support him in the way that they do with how much evidence is out there.

- Gave $40B to Argentina during ring a government shutdown while people are starving.
- Freed George Santos.
- Is most likely pardoning fellow sexual predator, Diddy.
- Had 3000+ pending lawsuits against him in 2017.
- Multiple women have came out and said the he sexually assault them.
- Made fun of a disabled person on live TV.
- Defied court orders from judges just “because”.
- Is in the Epstein tiles extensively as reported by the DoJ and Elon Musk himself.
- Sold out the US farmers and left them high & dry.
- Most likely stole the 2024 election.
- Is a convicted felon and found liable for sexual assault.

Regardless of your political affiliation: he is not a good person or a fit person to lead the Republican Party.

 

[t2van]

guys keep politics off, it will get locked