-7.2 C
Ottawa
Tuesday, December 23, 2025

October Layoffs Reach Highest Level for the Month in 22 Years: Challenger

Date:

A hiring ad is displayed at a store in Columbia, Md., on Sept. 18, 2025. Madalina Kilroy/The Epoch TimesPlanned job cuts for October reached the highest level for the month in 22 years, and the highest for any month in the fourth quarter since 2008, new data released on Nov. 6 show.Layoffs announced in October surged 175 percent from the same time a year ago to 153,074, according to global outplacement firm Challenger, Gray, and Christmas. This is also up 183 percent from September, when U.S.-based employers planned 54,064 job cuts.

About the author: Andrew Moran
Tell us something about yourself.
spot_imgspot_imgspot_img

Share post:

More like this
Related

Amazon Blocks More Than 1,800 Phony Job Applications From North Korean Cyber Operatives

Barricades are placed near the Unification Bridge, which leads...

How Chinas Rare Earth Stranglehold Is Unleashing American Innovation

|December 23, 2025Updated:December 23, 2025The West may have found...

How Major US Stock Indexes Fared Dec. 23

Wall Street closed at another record following a surprisingly...

IRS CEO Says 94 Percent of Middle-Class Taxpayers Will See Tax Relief Next Year

The sign outside the Internal Revenue Service building in...