Tag: October layoffs
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October Job Cuts Surge to 22-Year High as U.S. Firms Trim Roles
Overview: A Record October for Layoffs U.S.-based companies announced more than 153,000 job cuts in October, according to data from Challenger, Gray & Christmas. The monthly total marks a 22-year high and reinforces a pattern of cost-cutting and reorganizations as businesses navigate shifting demand, inflationary pressures, and policy changes. While job openings have remained resilient…
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October Job Cuts Reach 22-Year High in the U.S.
Overview: A surge in October layoffs U.S.-based companies announced more than 153,000 job cuts in October, according to the latest data from Challenger, Gray & Christmas. The firm noted that this total marks the highest October count in more than two decades and stands out as the largest monthly layoff figure for the fourth quarter…