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October Job Cuts Surge to Highest Since 2003

11/6/2025

33 6 Full Breakdown

Summary

Story summary

Challenger, Gray & Christmas (a private layoff-tracking firm) reports 153,074 U.S. job cuts in October 2025, the highest for that month since 2003.
The figure is up 175% from October 2024.
The surge is attributed to cost-cutting and AI adoption, especially in technology sectors.
Ongoing government shutdown delays official labor data.
The year totals 1.1 million job cuts, up 65% from last year.

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Story summary

Challenger, Gray & Christmas (a private layoff-tracking firm) reports 153,074 U.S. job cuts in October 2025, the highest for that month since 2003.
The figure is up 175% from October 2024.
The surge is attributed to cost-cutting and AI adoption, especially in technology sectors.
Ongoing government shutdown delays official labor data.
The year totals 1.1 million job cuts, up 65% from last year.