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U.S. job cuts have surpassed 1 million this year, a grim milestone only seen during the dotCom bust, Great Recession, and pandemic.
October's layoffs surged 175% year-over-year, driven by corporate cost-cutting and softening consumer spending. This ranks 2025 among the worst years for job losses in decades.
What if … hear me out … what if the 1,000,000 people laid off are the “consumers” who aren't spending?
@VE2UWY welcome to the primary contradiction of capitalism, companies want to increase profit by cutting the cost of labour, but also need consumers with discretionary spending to actually buy their products
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