The jobs hit parade is running in reverse. Hiring lowest in 14 years.
Job Cuts on Cost-Cutting & AI
Challenger, Gray, and Christmas notes Job Cuts on Cost-Cutting & AI
U.S.-based employers announced 153,074 job cuts in October, up 175% from the 55,597 cuts announced in October 2024. It is up 183% from the 54,064 job cuts announced one month prior, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas.
“October’s pace of job cutting was much higher than average for the month. Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption…
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