US Laseffs advanced in October to 22-High Amid Ai acquisition, to reduce costs
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US employers plunged in October to the highest monthly level in 22 years as companies looked to cut costs and embrace artificial intelligence (AI).
A report from global overplacement firm Challenger, Gray & Christmas found that employers cut 153,074 workS in October, a 175% increase from the 55,597 cuts announced in October 2024. It also marks a 183% increase in jobs announced in September.
“October’s pace of job cuts was much higher than the average for the month. Some industries are recovering after the bankruptcy,” said Andy Challenged, Chief Percenal Offer, Chief Percenal Offense at Consenger, Gray & Christmas.
“Those who are now placed are finding it difficult to secure new roles, which can continue to free up the labor market,” the challenge added.
Private sector added better-than-expected 42,000 jobs in October, ADP says
Layoffs in October hit their highest level since 2003, according to a report from outplacement firm Challenger, Gray & Christmas. (Km Cannon / Las Vegas Review-Journal via Getty Images)
US employers announced 1,09,500 job cuts in October, a 65% increase from the first 10 months of 2024 and a 44% increase over the 761,358 jobs announced in all of 2024.
Annual job cuts in 2025 are the highest since 2020, when 2,304,755 cuts were announced in October.
The number of job cuts announced last month was The highest value of the month is October Since 2003, there have been 171,874 recorded. At the same time, there were significant job cuts announced at stores due to acquisitions and acquisitions in the telecommunications sector as cell phones became more widely adopted.
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The retail sector has been largely subdued with layoffs in 2025 so far. (Stephanie Keith/Bloomberg via Getty Images/Getty Images)
“This is the highest October rate in more than 20 years, and the highest one-month rate in the fourth quarter since 2008. Like 2003,” Callethive Technical said.
“In the last ten years, companies have left far away from announcing layoffs in the fourth quarter, so it is surprising to see so many in October,” said Inketha. “With the advent of social media, the ability for workers to share their negative experiences with their employers, the trend of announcing the troops before the holidays has become brutal.”
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The warehousing industry led all sectors in the woods last month. (Lucas Jackson/Reuters)
This page Last Sector It led the entire industry in job cuts for October, with 47,8,878 layoffs announced, up from 984 in September. The sector has recorded 90,418 jobs for the year, which is an increase of 378% from the same period last year.
This page The field of technology It announced 33,281 cuts in October – a big rise from 5,639 in September. Through 2025, technology firms have announced 141,159 job cuts, a 17% increase from the same period in 2024.
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Retailers announced 2,431 job cuts in October, down from 2,577 the previous month. However, Commercial sector It remains among the hardest hitting industries this year, with retailers announcing 88,664 cuts year to date, a 145% increase from cuts announced in the first 10 months of last year.
