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Layoffs in October hit highest level for month in 22 years as companies cite cost-cutting, AI

U.S. employers ramped up layoffs in October to the highest level for the month in 22 years as companies looked to cut costs and adopt artificial intelligence (AI). A report from the global ...
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Job cuts in October hit highest level for the month in 22 years, Challenger says

Job cuts for October totaled 153,074, a 183% surge from September and 175% higher than the same month a year ago. It was the highest level for any October since 2003. Companies in the technology ...