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 ind us tries adopt AI -driven changes and intensify cost cuts.

Tech firms led the job cuts in the private sector, followed by retailers and the services sector , the global outplacement company said.

Cost-cutting was the top reason for the layoffs in October , followed by artificial intelligence, while “DOGE Impact” was the leading reason for job cuts in 2025.

The layoffs in October surge d 175% 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% rise from 664,839 in the same time period las

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