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US layoffs for October surge to two‑decade high with 153,074 cuts
October U.
On 6 November 2025, data from Challenger, Gray & Christmas showed U.S. employers announced 153,074 planned layoffs in October — the highest for that month since 2003. The surge, up 175 % year‑on‑year, was driven by cost‑cutting and increased use of AI, particularly in tech firms, with total job‑cut announcements for 2025 reaching nearly 1.1 million. The sharp uptick adds to concerns that the labour market is weakening and may limit consumer spending just as inflation remains sticky.