A lot of people can feel that the economy isn’t doing so hot right now. Unfortunately, due to the government shutdown, we don’t 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’t bode well for the American worker.

Now, a new report shows that this October was a particularly brutal month for the U.S. workforce—and it was especially bad for the tech industry. The analysis, from career transition services firm Challenger, Gray & Christmas, shows that this past month was the worst in decades. The report states that U.S. employers announced some “ 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 1

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