U.S. companies announced the most job cuts for any October in more than two decades | Lisa Abramowicz @lisaabramowicz1

"This comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes:” -----Challenger, Gray & Christmas 

PLEASE NOTE: 183% increase more than September (last month!)...and then again, results of 90-day notices won't be known for a while into the future. 

 

 https://bloomberg.com/news/articles/2025-11-06/ai-revolution-prompts-most-october-us-layoffs-in-over-20-years

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UPDATE Washington Post: 

Washington Post 

Layoffs rise to recession-like levels through October, new report says 

 

Layoffs are rising to recession-like levels, with U.S. employers announcing 1.1 million job cuts so far this year, according to a report from Challenger, Gray & Christmas.

By Abha Bhattarai 

1 hour ago

 

TREASURY SECRETARY BESSENT SAID "Jobs are booming. . ."