US layoffs have reached recessionary levels, with employers announcing 1.21 million job cuts in 2025, up 58% YoY—the highest since the 2020 crisis.

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Challenger report confirms:

  • 1,206,374 layoffs in 2025
  • Up 58% from 2024
  • Highest annual total since 2020

https://www.cmegroup.com/education/events/econoday/2026/01/feed636507.html

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