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Story summary
- In November 2025, United States employers announced over 71,000 job cuts, a 24% rise from the prior year.
- Total layoffs through November reached about 1.17 million, the pandemic high, due to restructuring and economic conditions.
- The telecommunications sector led with more than 15,000 cuts, while tech companies eliminated around 12,000 jobs.
- Despite higher Black Friday spending, hiring remained weak with nearly 500,000 planned hires, down 35% from last year.
