BREAKING: U.S. layoffs set to surpass the Great Recession levels, on track to be worst since Great Depression.
— Polymarket (@Polymarket) December 7, 2025
US layoffs soar past 1.1M in 2025, highest level since the pandemic
November saw 71,321 job cuts announced, down 53% from October but pushing yearly total up 54%
Layoffs announced by employers declined on a monthly basis in November but still pushed the 2025 total to the highest level since the wave of pandemic-induced layoffs in 2020, new data from Challenger, Gray & Christmas shows.
The report found that U.S. employers announced 71,321 layoffs in November — down 53% from the 153,074 cuts announced in October.
Layoffs in the month of November were up 24% from the 57,727 cuts announced in that month last year, and reached their highest level for the month since 2022, which marked the eighth time this year that job cuts in a given month were higher than the corresponding month a year ago.
https://www.foxbusiness.com/economy/us-layoffs-soar-past-1-1m-2025-highest-level-since-pandemic
“Employers have cut 1.1 million jobs this year. Here’s what’s behind the wave of layoffs.” — Cuts surged across tech, retail, and finance, marking only the sixth time since 1993 layoffs topped 1.1M.
https://www.cbsnews.com/news/employers-cut-1-1-million-jobs-2025-why-layoffs-rising/