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US job cuts surge to 150,000+ in October as AI cost‑cuts accelerate
US job cuts topped 150,000 in October, the highest October total in decades, amid cost‑cuts and AI restructuring.
Employers in the United States announced over 150,000 job cuts in October, marking the highest figure for that month in more than two decades, according to Challenger, Gray & Christmas.
Industries cited AI‑driven restructuring and cost‑containment as key drivers. Sectors including technology, retail and finance accounted for the bulk of reductions.
Meanwhile, labour‑market data are increasingly watched for signs of broader weakness, as official payroll statistics have been delayed due to the ongoing federal shutdown.