International Economic

US layoffs hit 20-year high in October amid AI-driven cost cuts

By Iain Gilbert

Date: Thursday 06 Nov 2025

(Sharecast News) - US employers cut 153,074 jobs last month, according to Challenger, Gray & Christmas, up 175% year-on-year, with the largest October figure for more than 20 years coming as industries continued to adopt AI and ramp-up cost cutting efforts.
October's number took total layoffs for the year to 1.1m...

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