🇺🇸 US Challenger job cuts 806,383 YTD.
Highest since COVID and the Global Financial Crisis!
Chart: @AugurInfinity pic.twitter.com/A8ufO4gP4W
— Alex Joosten (@joosteninvestor) August 16, 2025
“Through the end of July, U.S.-based employers have announced more than 800,000 job eliminations in 2025. That’s the highest number of jobs lost through the same period since 2020, when the global pandemic saw more than 1.8 million jobs lost.” https://www.fastcompany.com/91386050/layoffs-2025-companies-have-announced-over-800000-jobs-cuts-so-far-there-are-3-big-reasons-why
“Employers have announced 806,383 layoffs so far this year, the most since 2020… compared to 460,530 job cuts in the first seven months of 2024, the year-to-date total is up 76%.” https://ai.economictimes.indiatimes.com/news/international/us/us-job-crisis-deepens-806000-layoffs-so-far-in-2025-worst-since-covid-crash-is-your-company-next-on-the-chopping-block/articleshow/123029699.cms
“Technology sector leads layoffs, with over 22,000 jobs cut amid AI and automation shifts… hiring remains subdued, with regional disparities and cautious corporate strategies shaping the labor market.” https://www.roic.ai/news/us-job-cuts-reach-806383-in-2025-highest-januaryjuly-total-since-2020-07-31-2025
“Federal government spending cuts spearheaded by the Department of Government Efficiency… are responsible for the majority of job losses in 2025. DOGE’s cuts have been cited in 289,679 of the planned layoffs year-to-date.” https://www.fastcompany.com/91386050/layoffs-2025-companies-have-announced-over-800000-jobs-cuts-so-far-there-are-3-big-reasons-why