{"id":265655,"date":"2025-11-06T13:58:09","date_gmt":"2025-11-06T13:58:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/265655\/"},"modified":"2025-11-06T13:58:09","modified_gmt":"2025-11-06T13:58:09","slug":"u-s-layoffs-surge-to-two-decade-high-amid-cost-cutting-and-ai-adoption-report-shows","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/265655\/","title":{"rendered":"U.S. layoffs surge to two-decade high amid cost cutting and AI adoption, report shows"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

Workers move products at an Amazon fulfillment center in Robbinsville, N.J., in 2023.Mike Segar\/Reuters<\/p>\n

U.S.-based employers cut more than 150,000 jobs in October, marking the biggest reduction for the month in more than 20 years, a report by Challenger, Gray & Christmas said on Thursday as industries adopt AI-driven changes and intensify cost cuts.<\/p>\n

Tech firms led the job cuts in the private sector, followed by retailers and the services sector, the global outplacement company said.<\/p>\n

Cost-cutting was the top reason for the layoffs in October, followed by artificial intelligence<\/a>, while \u201cDOGE Impact\u201d was the leading reason for job cuts in 2025.<\/p>\n

The layoffs in October surged 175 per cent 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-per-cent rise from 664,839 in the same time period last year.<\/p>\n

So far this year, job cuts are at the highest level since 2020 when 2,304,755 cuts were announced through October.<\/p>\n

\u201cSome 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,\u201d said Andy Challenger, chief revenue officer for Challenger, Gray & Christmas.<\/p>\n

Not only did individual companies announce large layoffs in October, but a higher number of companies announced job cut plans, Challenger said, tracking nearly 450 individual job cut plans in October compared to under 400 in September.<\/p>\n

Any economic data from private sources will be on investors\u2019 radar as official data continues to be absent with the U.S. government now entering its longest-ever shutdown.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: Workers move products at an Amazon fulfillment center in Robbinsville, N.J., in 2023.Mike…\n","protected":false},"author":2,"featured_media":265656,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,901,276,277,888,902,879,877,903,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-265655","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-alberta","tag-artificial-intelligence","tag-artificialintelligence","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/265655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=265655"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/265655\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/265656"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=265655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=265655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=265655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}