There have been 1.1 million layoffs in 2025, up 44% from 2024. Bush signs a multibillion-dollar stimulus in Feb 2008, yet even bold measures couldn’t fully stop the collapse.
U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas. “October’s pace of job cutting was much …