U.S. layoffs hit 22‑year high as AI and cost‑cuts drive job losses
U.S. job‑cut announcements surged to a 22‑year high in October as AI and cost‑cuts bite, and official labour data remains suspended.
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5h agoU.S. layoffs hit 22‑year high as AI and cost‑cuts drive job losses
On 6 November 2025, private reports showed U.S. employers announced 153,074 planned layoffs in October—the highest for that month in 22 years. The surge was attributed to AI adoption, budget cuts and subdued consumer spending. The unemployment rate, estimated by the Chicago Fed, rose to 4.36%. The official employment report remains delayed due to the ongoing government shutdown, raising concerns about broader labour‑market stress. Analysts warn that if corporate hiring remains muted, consumer discretionary sectors may come under added pressure.
Reuters• By Harsh Ranjan
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5h agoU.S. layoffs hit 22‑year high as AI and cost‑cuts drive job losses
On 6 November 2025, private reports showed U.S. employers announced 153,074 planned layoffs in October—the highest for that month in 22 years. The surge was attributed to AI adoption, budget cuts and subdued consumer spending. The unemployment rate, estimated by the Chicago Fed, rose to 4.36%. The official employment report remains delayed due to the ongoing government shutdown, raising concerns about broader labour‑market stress. Analysts warn that if corporate hiring remains muted, consumer discretionary sectors may come under added pressure.
Reuters• By Harsh Ranjan
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about 5 hours ago
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U.S. job‑cut announcements surged to a 22‑year high in October as AI and cost‑cuts bite, and official labour data remains suspended.
On 6 November 2025, private reports showed U.S. employers announced 153,074 planned layoffs in October—the highest for that month in 22 years. The surge was attributed to AI adoption, budget cuts and subdued consumer spending. The unemployment rate, estimated by the Chicago Fed, rose to 4.36%. The official employment report remains delayed due to the ongoing government shutdown, raising concerns about broader labour‑market stress. Analysts warn that if corporate hiring remains muted, consumer discretionary sectors may come under added pressure.
On 6 November 2025, private reports showed U.S. employers announced 153,074 planned layoffs in October—the highest for that month in 22 years. The surge was attributed to AI adoption, budget cuts and subdued consumer spending. The unemployment rate, estimated by the Chicago Fed, rose to 4.36%. The official employment report remains delayed due to the ongoing government shutdown, raising concerns about broader labour‑market stress. Analysts warn that if corporate hiring remains muted, consumer discretionary sectors may come under added pressure.
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economy
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Nov 6, 2025 • 20:39 IST