Job Cuts Surge in US, Highest Since 2003
Update: 2025-11-06
Description
New data reveals a surge in job cuts across the US, with over 153,000 positions eliminated in October, marking a 44% increase from last year. Technology businesses lead the layoffs, driven by AI adoption, spending slowdown, and operational costs. Notable companies like Amazon, Target, and UPS have announced significant layoffs, making this years total job cuts the highest since 2020. Official government labor data is scarce due to a recent shutdown, making reports like this crucial for understanding the current employment landscape.
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