LARGE LAYOFFS
10/06/2025 |
In 25Q3, companies announced 202,118 layoffs, the highest third-quarter total since 2020, when 497,215 were recorded. So far this year, firms have cut 946,426 jobs, also the most for January–September since 2020. That’s up 55% from last year’s 609,242 cuts and ranks as the fifth highest YTD total in 36 years of data. The labor market is soft, and DOGE, tariffs and AI are, at minimum, delaying job creation.