""October's pace of job cutting was much higher than average for the month. Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes," said Andy Challenger, chief revenue officer of Challenger. But as AI adoption disrupts the workforce, the "DOGE impact" remains the leading cause for layoffs this year, according to the report."
""The monthly report, published Thursday, lays out a gloomy job market in which U.S.-based employers announced 153,074 job cuts in October. This is up 175% from last October, when 55,597 cuts were announced, and a 183% increase from last month's 54,064 job cuts announced, the report said. This year, through October, employers have announced roughly 1.1 million job cuts, an increase in the first 10 months of last year and year-to-date the highest level through October since 2020, the report said.""
""The Department of Government Efficiency (DOGE) initiative shrunk public-sector employment by more than 290,000 jobs-including federal employees and contractors, according to the report. Some analysts estimate DOGE-effected job losses to reach 300,000 to 400,000 by year-end. As of mid-2025, reported layoffs attributed specifically to DOGE tallied just below 300,000 with additional private-sector and nonprofit jobs indirectly affected by reductions in federal grants and procurement. Economists say that when contract workers and downstream impacts are included, DOGE-related activities could ultimately result in nearly 1""
U.S.-based employers announced 153,074 job cuts in October, a sharp rise from prior months and the highest October total since 2003. October cuts were up 175% year-over-year and 183% month-over-month, while hiring slowed to its lowest point in 14 years as companies cut costs and prepare for AI integration. Year-to-date through October, roughly 1.1 million job cuts were announced, the highest through October since 2020. The Department of Government Efficiency (DOGE) reduced public-sector employment by more than 290,000 jobs, with analysts projecting larger cumulative losses when contract and downstream impacts are included.
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