Announced job cuts by U.S. employers have exceeded 1.1 million this year , reaching the highest level since the 2020 pandemic, according to a report released Thursday (December 4) by consulting firm Challenger, Gray & Christmas. In November alone, 71,321 job cuts were announced, marking a decrease from October's massive layoffs but still contributing to the 2025 total of 1.17 million. This figure is 54% higher than the same period last year and is the sixth time since 1993 that job cuts through November have surpassed 1.1 million.

The report highlights that technology, telecommunications, and food companies were among the hardest-hit industries. Verizon, a major telecom firm, announced plans to cut 13,000 jobs in November. The technology sector alone announced 12,377 job cuts last mon

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