October job cuts highest for month since 2003: Report

The HillThursday, November 6, 2025 at 2:06:54 PM
NegativeU.S News
October job cuts highest for month since 2003: Report
October has seen the highest number of job cuts since 2003, with a staggering total of 153,074 layoffs reported by Challenger, Gray and Christmas. This marks a 174 percent increase compared to last year, highlighting a troubling trend in the job market. Such significant layoffs not only affect the individuals and families involved but also signal broader economic challenges that could impact consumer confidence and spending.
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