Layoff Tsunami 2025: Over 1.2 Million Workers Face Job Cut Worldwide Times NowChallenger Report: 71,321 Job Cuts on Restructurings, Closings, Economy Challenger, Gray & Christmas, Inc.Layoff announcements top 1.1 million this year, the most since 2020 pandemic, Challenger says CNBCUS layoffs soar past 1.1M in 2025, highest level since the pandemic Fox BusinessEmployers have cut 1.1 million jobs this year. Here’s what’s behind the wave of layoffs. CBS News