Layoffs across the U.S. this year are at their highest level since 2020, new data shows
Job cuts could surpass more than 1 million in 2025, the group forecast. The layoffs this year, although elevated, remain well below the massive workforce reductions in 2020, when the pandemic shuttered businesses across the nation, leading to 2 million layoffs through September of that year, Challenger noted.
The rise in layoffs comes as the labor market has stalled in recent months, with employers also sharply scaling back their hiring plans, according to labor data. Companies now expect to bring on 58% fewer workers for the rest of the year compared with their projections a year ago, the firm found.
"Previous periods with this many job cuts occurred either during recessions or, as was the case in 2005 and 2006, during the first wave of automations that cost jobs in manufacturing and technology," said Andy Challenger, senior vice president and labor expert for Challenger, Gray & Christmas, in a statement.
| by Anonymous | reply 12 | October 5, 2025 7:23 PM
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But the Stock Market is BOOMING!
| by Anonymous | reply 1 | October 4, 2025 12:23 PM
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The douchebro traders on Wall Street actually love it when layoffs happen. That's why they are creaming their Brooks Brothers over AI. AI investment is creating a stock market bubble now.
| by Anonymous | reply 2 | October 4, 2025 12:34 PM
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I’m not fully convinced about the AI bubble yet. The companies that have exploded are tech companies who are constructing and housing the AI systems. Yet, the bulk of the benefits will be the companies that find productivity gains (whether through fewer workers or from getting more out of their workers).
For example, a friend who works with health insurance told me that the cost of AI agents is more than using outsourced humans overseas. But it won’t always be that way - the tech will get cheaper, the people will get more expensive.
So, you may see a second boom once companies figure out how to actually use AI in their operations. My guess is that this will be like the transformation we saw to the workplace in the 90s. There used to be many jobs scheduling, typing and transcribing, creating graphs, couriering, etc. Now, most people do these tasks themselves or the need has disappeared.
| by Anonymous | reply 3 | October 4, 2025 12:55 PM
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ALL due to the actions of one man. THe Don
| by Anonymous | reply 4 | October 4, 2025 1:42 PM
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It’s been hell trying to find a new job. At this point, I want something mindless. I was laid off in April and aside from some freelance work, nothing, despite tons of resumes going out. Yes, AI is already having an impact on comms jobs. Lots of press releases are now done by AI. I’ve used it and I’m learning more about
| by Anonymous | reply 5 | October 4, 2025 7:56 PM
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You want someone to blame, OP, blame Joe Biden and the Radical Leftist Movement.
| by Anonymous | reply 6 | October 4, 2025 8:12 PM
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Since 2020? So, 5 years ago?
OP, show me a graph of layoffs over the last 50 years. You'll see that we are still doing well.
| by Anonymous | reply 9 | October 4, 2025 10:53 PM
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HA AHA HAHAHHAHHAHAHAH.
YES. FIVE YEARS AGO WHEN YOUR ORANGE BITCH WAS LOITERING IN OFFICE. LOITERING AND BUNGLING THE RESPONSE TO AN INFECTIOUS DISEASE.
HA!
I CAN'T STAND YOU MAGAT SHIT HEADS.
| by Anonymous | reply 10 | October 4, 2025 11:29 PM
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According to Workforce Solutions (Texas state employment offices)
[quote]normally in August, the Houston area adds more than 7,000 jobs. This time, it was 100.
| by Anonymous | reply 11 | October 5, 2025 7:21 PM
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