"Some industries are correcting after the hiring boom of the pandemic, but this comes as AI [artificial intelligence] adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes,"
"Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market."
U.S. layoffs accelerated through October 2025, with 153,074 layoffs in October alone, a 183 percent increase from September and the highest October total in 22 years. Approximately 1.1 million layoffs occurred from January through October, 65 percent higher than the same period in 2024 and the highest since the start of the Great Recession excluding 2020 pandemic layoffs. Major employers with large cuts included UPS, Amazon, and Target. Tech-sector firings rose 17 percent versus 2024 amid slowing demand and technological changes. AI adoption, softer consumer and corporate spending, and rising costs prompted belt-tightening and hiring freezes, and many laid-off workers are finding it harder to quickly secure new roles.
Read at Truthout
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