#Layoffs accelerated in October, pushing 2025 job cuts to levels typically seen in a #recession, acc/to newly released data from Challenger, Gray & Christmas, a private firm that tracks workplace reductions.
#US employers have announced 1.1 million layoffs so far this year — the largest reading since the pandemic recession & on par with 2008 & 2009 job cuts during the Great Recession, the firm’s figures show.
#economy #Trump #tariffs #inflation #trumpcession
https://www.washingtonpost.com/business/2025/11/06/job-cuts-accelerate-october-layoffs-trump/
The data includes a recent spate of #layoffs at major companies such as UPS, Amazon & Target, & adds to growing concern about a labor market slowdown.
Employers cited #CostCutting & #ArtificialIntelligence as the top 2 reasons for job reductions in October.
#economy #Trump #tariffs #inflation #recession #trumpcession