In October 2025 U.S. firms announced roughly 153,074 job cuts, the highest October number recorded in over two decades. Technology and warehousing sectors led the surge as companies accelerate cost cuts and automation efforts. The year‑to‑date total now surpasses one million jobs — a sharp rise from the prior year — underscoring a broader labour‑market cooling despite resilient headline unemployment. Analysts warn that reduced hiring and elevated layoffs may erode consumer spending and weigh on growth, raising questions for monetary‑policy timing and investor sentiment.