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Soared last month to more than 153,000, marking the worst october for job reductions in 22 years, according to outplacement firm challenger, gray & christmas At least 153,074 job cuts happened in october. Employers slashed more than 150,000 jobs in october, the largest wave of layoffs in more than 20 years, challenger, gray & christmas said.
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Employers announced 153,074 job cuts in october, the most for that month since 2003, consulting firm challenger, gray. Layoff announcements soared in october as companies recalibrated staffing levels during the artificial intelligence boom, a sign of potential trouble ahead for the labor market, according to. The layoffs in october surged 175% from a year ago to 153,074
From the start of the year to october end, employers have announced 1,099,500 job cuts, a 65% rise from 664,839 in the same time.
