"The latest report from Challenger, Gray & Christmas adds up layoff announcements from U.S. employers through the end of October. According to the report, 1,099,500 workers have lost their jobs due to layoffs. Given that those numbers don't include November layoffs, and we are only at the beginning of December, it's a certainty that the figure will rise before the end of the year."
"Worse, the 1,099,500 job cuts are 65% higher than the 664,839 job cuts announced through October 2024. This year's figure also exceeds the 761,358 full-year 2024 job cuts by 44%. And to put the 2025 figures into greater perspective, Challenger, Gray & Christmas says this year's job cuts are at their highest levels since 2020, when there were 2,304,755 through that October-many spurred by the pandemic."
"Government worker layoffs account for the most job losses, many stemming from cuts made by the so-called Department of Government Efficiency (DOGE), then led by Tesla CEO Elon Musk. Challenger, Gray & Christmas calls this the "DOGE Impact" and states that it "remains the leading reason for job cut announcements in 2025." In total, those cuts amount to 307,638 for the year through October. That figure includes 293,753 direct layoffs of federal workers and contractors"
1,099,500 U.S. workers lost their jobs due to layoffs through the end of October 2025. The total excludes November layoffs and will almost certainly rise before year-end. The 2025 layoffs are 65% higher than the 664,839 job cuts announced through October 2024 and 44% higher than the full-year 2024 total of 761,358. Layoff levels are the highest since 2020, when 2,304,755 cuts occurred through that October. Layoffs have affected nearly every major industry, with government and tech accounting for the most losses. DOGE-related federal cuts account for 307,638 job losses, including 293,753 direct layoffs of federal workers and contractors.
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