US Job Cuts Surpass 1.1M, Hiring Slowdown Looms
Update: 2025-12-05
Description
Job cuts in the US surpass 1.1 million, with 1.17 million announced in 2022, marking a 54% increase from last year. Verizon and tech companies contribute to the rise due to AI advancements and corporate restructuring. Tariffs also play a role, with over 2,000 cuts in November and nearly 8,000 year-to-date. Hiring slowdown is also noted, with under 500,000 planned hires, a 35% decrease from last year.
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