US Job Cuts Surge 175% in October 2025, Reaching Highest October Levels Since 2003

Recent data from Challenger, Gray & Christmas, a leading outplacement firm, reveals a sharp escalation in US layoffs, signaling potential strain in the labor market. In October 2025, US employers announced 153,074 job cuts—a 175% increase from the 55,597 cuts in October 2024 and a 183% jump from September 2025’s 54,064 cuts. This marks the

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