{"id":279346,"date":"2025-11-08T13:13:17","date_gmt":"2025-11-08T13:13:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/279346\/"},"modified":"2025-11-08T13:13:17","modified_gmt":"2025-11-08T13:13:17","slug":"october-layoffs-were-the-worst-in-22-years-and-hit-tech-workers-hard","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/279346\/","title":{"rendered":"October Layoffs Were the Worst in 22 Years and Hit Tech Workers Hard"},"content":{"rendered":"<p>A lot of people can feel that the economy isn\u2019t doing so hot right now. Unfortunately, due to the government shutdown, we don\u2019t have much in the way of official economic data to give statistical clarity to that feeling. However, more and more, private firms are releasing their economic analysis, and, much of the time, it doesn\u2019t bode well for the American worker.<\/p>\n<p>Now, a <a href=\"https:\/\/www.challengergray.com\/wp-content\/uploads\/2025\/11\/Challenger-Report-October-2025.pdf\" rel=\"nofollow noopener\" target=\"_blank\">new report<\/a> shows that this October was a particularly brutal month for the U.S. workforce\u2014and it was especially bad for the tech industry. The analysis, from career transition services firm Challenger, Gray &amp; Christmas, shows that this past month was the worst in decades. The report states that U.S. employers announced some \u201c153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior.\u201d<\/p>\n<p>Yikes, that\u2019s a lot. And the cuts have been especially deep for Silicon Valley:<\/p>\n<p>Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures. In October, the sector announced 33,281 job cuts, up sharply from 5,639 in September. For the year, Technology firms have announced 141,159 job cuts, up 17% from the 120,470 announced through the same period in 2024.<\/p>\n<p>Yeah, that\u2019s bad. That is not good at all. There\u2019s no real way to spin that as good. \u201cThis is the highest total for October in over 20 years, and the highest total for a single month in the fourth quarter since 2008,\u201d the report states. \u201cLike in 2003, a disruptive technology is changing the landscape.\u201d<\/p>\n<p>\u201cOctober\u2019s pace of job cutting was much higher than average for the month. Some 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, workplace expert and chief revenue officer for Challenger, Gray &amp; Christmas. \u201cThose laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.\u201d<\/p>\n<p>We\u2019ve already written about the <a href=\"https:\/\/gizmodo.com\/is-ai-leading-to-layoffs-or-does-the-economy-just-suck-2000679535\" rel=\"nofollow noopener\" target=\"_blank\">huge layoffs<\/a> that impacted the tech industry last month\u2014including some 14,000 people who used to be (but are no longer) employed with Amazon. The exact reason for why tech companies are shedding jobs right now is still up in the air. One narrative attributes the layoffs to the rise of AI, but other commentators have noted that it could be much more mundane economic\/business factors that are squeezing the industry like a lack of growth in non-AI sectors and tariff policy eating away at profits while making it difficult to plan for the future.<\/p>\n","protected":false},"excerpt":{"rendered":"A lot of people can feel that the economy isn\u2019t doing so hot right now. Unfortunately, due to&hellip;\n","protected":false},"author":2,"featured_media":279347,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[182,181,507,1929,2539,74],"class_list":{"0":"post-279346","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-labor","12":"tag-layoffs","13":"tag-technology"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/279346","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=279346"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/279346\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/279347"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=279346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=279346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=279346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}