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U.S. Job Cuts Surge to 1.1 Million in 2025

11/22/2025

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Summary

Story summary

In 2025, U.S. employers announced nearly 1.1 million job cuts, the highest since 2020, with government layoffs over 307,000.
October 2025 alone saw over 150,000 job cuts, the largest wave in more than 20 years.
Verizon and Amazon announced substantial layoffs across tech, warehousing, and retail sectors, with Verizon cutting over 13,000 employees.
The unemployment rate rose to 4.4% in September, signaling a broad shift in the job market.

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Story summary

In 2025, U.S. employers announced nearly 1.1 million job cuts, the highest since 2020, with government layoffs over 307,000.
October 2025 alone saw over 150,000 job cuts, the largest wave in more than 20 years.
Verizon and Amazon announced substantial layoffs across tech, warehousing, and retail sectors, with Verizon cutting over 13,000 employees.
The unemployment rate rose to 4.4% in September, signaling a broad shift in the job market.