Source: CNBC
“Layoff announcements soared in October as companies recalibrated staffing levels during the artificial intelligence boom, a sign of potential trouble ahead for the labor market, according to outplacement firm Challenger, Gray & Christmas. Job cuts for the month totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest level for any October since 2003. This has been the worst year for announced layoffs since 2009. … The report provides a glimpse into the labor market at a time when the government has suspended data gathering and releases during the shutdown in Washington, D.C.” (11/06/25)