Layoffs in the U.S skyrocketed in October to their worst monthly level for 22 years, with Americans now facing the type of job cuts typically seen during recessions.
Despite President Donald Trump repeatedly touting that the US economy “has never been hotter,” a new report has fueled concerns about a labor market slowdown with more people out of work.
The data, according to outplacement firm Challenger, Gray & Christmas, shows that company layoffs soared last month to more than 153,000, marking the worst October for job reductions since 2003.
US employers have also announced 1.1 million layoffs so far this year – the biggest number of layoffs since the pandemic and on par with job cuts during the global financial crisis.
Trump, however, took a victory lap on the economy on the one-year anniversary of his successful election on Wednesday.
Speaking at the America Business Forum in Miami the day after Republicans were rebuked at elections across the country, the president said the U.S. was the envy of the world.
“We have the greatest economy right now,” he declared, adding that “a lot of people don’t see that.”
The report shows that the labor market has shifted from one where workers had job security even though their bosses weren’t hiring as much, to one where more companies are cutting costs and reducing staff as they replace humans with AI.
Amazon, for instance, announced 14,000 job cuts this week, citing a shift toward AI.
“October’s pace of job cutting was much higher than average for the month,” said Andy Challenger, chief revenue officer for Challenger, Gray & Christmas.
“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes.
“Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.”
The numbers are politically sensitive for Trump because they undercut one of the administration’s central claims – that it has restored economic confidence and “brought jobs back.”
Federal Reserve Chair Jerome Powell also cited concerns about slower hiring in announcing interest rate cuts in September and October.
While Trump continues to talk up the economic landscape under presidency, Democratic victories in coast-to-coast elections this week suggest many voters are not feeling as confident.
In Virginia, for instance, which has a high number of federal workers, former Congresswoman Abigail Spanberger rode to victory in part due to anger over job cuts and the government shutdown.
In New Jersey, New York and Pennsylvania, Democrats also defeated their opponents by talking about economic and cost-of-living pressures.
Necessary-Drawer-173 on
Wow this was my concern as I can see what’s happening around me. My mom’s job is laying off all the temps at the end of the month as well. I can’t wait to see the mental gymnastics and gaslighting on this one.
This is all sad and I’ve been buckling down because i saw it coming
RiffRaffCatillacCat on
This is what happens with you let MAGAs run Govt.
akd432006 on
1 million Americans lost their jobs in 2025. In 2026, it will be 10 million.
The Great Recession 2
Historical_Bend_2629 on
He doesn’t care.
Umami-Ice-Cream on
Thanks maga
Virtual_Energy_416 on
Can’t wait for“Biden layoffs“
RamonaQ-JunieB on
We’re on the economic Titanic and the band is still playing at Mar-a-Lago. I’m beginning to think Trump doesn’t know what he’s doing. (Just kidding about that last part. )
LockheedMartinLuther on
Okay, sure, but that new golden ballroom is going to be amazing
thistimelineisweird on
How many days away are we from the stock market crash, I wonder?
AlabamaHotcakes on
He has the biggest numbers!
tomdurk on
Trump did that!
Likestoread25 on
Are we great again??
Texadad on
But your 401 is doing phenomenal. And I lost $10k today. Another year added before retirement
aza-industries on
It frustrates me how disconnected from reeality the Heritage Foundations plan is.
All their ideas are predicated on bigottry and fellacius reasoning.
A lot of their plans have been empirically proven elswhere to be dog shit ideas that don’t work.
Their ideas of what the past looked like completely ignores huge swathes of demographics that suffered to support that rose tinted glasses history.
Just so frustrating that basically uneducated yokals think they have a fucking clue what is good for society.
nkassis on
„The report shows that the labor market has shifted from one where workers had job security even though their bosses weren’t hiring as much, to one where more companies are cutting costs and reducing staff as they replace humans with AI.“
I call bullshit on this and I work in automation and AI. I guarantee the cuts are due to increased costs and lower revenue in most sectors not actually tied to the AI capacity incestuous boom (data center, energy, hardware manufacturers)
Reality is there was enough people before for the work to be done, AI didn’t make that problem go away it would be a force multiplier but the cuts are due to budgets not replacement.
mr_evilweed on
Hang on a second… the president who presided over the biggest loss of american jobs ever during his first term is… presiding over more job losses? This cant be right…
GODGK2 on
This is the beginning of the recession that could have been avoided.
ChafterMies on
Trump wasn’t hit the layoffs. Workers were. Thanks, MAGA.
Commercial_Page1827 on
Whatever number they present you can be sure the real number is waaay higher. Don’t forget he install a puppet to give those reports.
Significant_Cow4765 on
*jaw-drooping
Dicktasticly on
America is going to be the 7th bankruptcy of Broke Loser Donald
SManuel7 on
The tariffs are working?
soccercro3 on
I left my old job back in August. I just heard in the last couple weeks from some of my old coworkers that 40 people (something like 20% reduction in force) in the division I used to work for were laid off.
EchoLooper on
Worst President Ever.
Miss-Tiq on
I mean, *he* wasn’t hit with them. *He* hit *us* with them.
VoodooS0ldier on
This country really needs the ability to recall senators and representatives in votes of no confidence. Every republican member of congress should have been voted out.
metalxslug on
People who believe in small government cannot be trusted to run the US government.
i_dont_like_turnips on
Hoover had Hoovervilles, Trump will have Trumpvilles.
mowotlarx on
I’ll never understand how my fellow Americans keep ranking Republicans high for economic policy. They tank the economy every time they’re in office.
Timeformayo on
What happens when you raise the price of imports, create an uncertain environment for investors, and devalue the U.S. as a reliable partner in global supply chains?
This. This is what happens.
Stupid asshole.
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
31 Kommentare
As per the original article:
Layoffs in the U.S skyrocketed in October to their worst monthly level for 22 years, with Americans now facing the type of job cuts typically seen during recessions.
Despite President Donald Trump repeatedly touting that the US economy “has never been hotter,” a new report has fueled concerns about a labor market slowdown with more people out of work.
The data, according to outplacement firm Challenger, Gray & Christmas, shows that company layoffs soared last month to more than 153,000, marking the worst October for job reductions since 2003.
US employers have also announced 1.1 million layoffs so far this year – the biggest number of layoffs since the pandemic and on par with job cuts during the global financial crisis.
Trump, however, took a victory lap on the economy on the one-year anniversary of his successful election on Wednesday.
Speaking at the America Business Forum in Miami the day after Republicans were rebuked at elections across the country, the president said the U.S. was the envy of the world.
“We have the greatest economy right now,” he declared, adding that “a lot of people don’t see that.”
The report shows that the labor market has shifted from one where workers had job security even though their bosses weren’t hiring as much, to one where more companies are cutting costs and reducing staff as they replace humans with AI.
Amazon, for instance, announced 14,000 job cuts this week, citing a shift toward AI.
“October’s pace of job cutting was much higher than average for the month,” said Andy Challenger, chief revenue officer for Challenger, Gray & Christmas.
“Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spending, and rising costs drive belt-tightening and hiring freezes.
“Those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.”
The numbers are politically sensitive for Trump because they undercut one of the administration’s central claims – that it has restored economic confidence and “brought jobs back.”
Federal Reserve Chair Jerome Powell also cited concerns about slower hiring in announcing interest rate cuts in September and October.
While Trump continues to talk up the economic landscape under presidency, Democratic victories in coast-to-coast elections this week suggest many voters are not feeling as confident.
In Virginia, for instance, which has a high number of federal workers, former Congresswoman Abigail Spanberger rode to victory in part due to anger over job cuts and the government shutdown.
In New Jersey, New York and Pennsylvania, Democrats also defeated their opponents by talking about economic and cost-of-living pressures.
Wow this was my concern as I can see what’s happening around me. My mom’s job is laying off all the temps at the end of the month as well. I can’t wait to see the mental gymnastics and gaslighting on this one.
This is all sad and I’ve been buckling down because i saw it coming
This is what happens with you let MAGAs run Govt.
1 million Americans lost their jobs in 2025. In 2026, it will be 10 million.
The Great Recession 2
He doesn’t care.
Thanks maga
Can’t wait for“Biden layoffs“
We’re on the economic Titanic and the band is still playing at Mar-a-Lago. I’m beginning to think Trump doesn’t know what he’s doing. (Just kidding about that last part. )
Okay, sure, but that new golden ballroom is going to be amazing
How many days away are we from the stock market crash, I wonder?
He has the biggest numbers!
Trump did that!
Are we great again??
But your 401 is doing phenomenal. And I lost $10k today. Another year added before retirement
It frustrates me how disconnected from reeality the Heritage Foundations plan is.
All their ideas are predicated on bigottry and fellacius reasoning.
A lot of their plans have been empirically proven elswhere to be dog shit ideas that don’t work.
Their ideas of what the past looked like completely ignores huge swathes of demographics that suffered to support that rose tinted glasses history.
Just so frustrating that basically uneducated yokals think they have a fucking clue what is good for society.
„The report shows that the labor market has shifted from one where workers had job security even though their bosses weren’t hiring as much, to one where more companies are cutting costs and reducing staff as they replace humans with AI.“
I call bullshit on this and I work in automation and AI. I guarantee the cuts are due to increased costs and lower revenue in most sectors not actually tied to the AI capacity incestuous boom (data center, energy, hardware manufacturers)
Reality is there was enough people before for the work to be done, AI didn’t make that problem go away it would be a force multiplier but the cuts are due to budgets not replacement.
Hang on a second… the president who presided over the biggest loss of american jobs ever during his first term is… presiding over more job losses? This cant be right…
This is the beginning of the recession that could have been avoided.
Trump wasn’t hit the layoffs. Workers were. Thanks, MAGA.
Whatever number they present you can be sure the real number is waaay higher. Don’t forget he install a puppet to give those reports.
*jaw-drooping
America is going to be the 7th bankruptcy of Broke Loser Donald
The tariffs are working?
I left my old job back in August. I just heard in the last couple weeks from some of my old coworkers that 40 people (something like 20% reduction in force) in the division I used to work for were laid off.
Worst President Ever.
I mean, *he* wasn’t hit with them. *He* hit *us* with them.
This country really needs the ability to recall senators and representatives in votes of no confidence. Every republican member of congress should have been voted out.
People who believe in small government cannot be trusted to run the US government.
Hoover had Hoovervilles, Trump will have Trumpvilles.
I’ll never understand how my fellow Americans keep ranking Republicans high for economic policy. They tank the economy every time they’re in office.
What happens when you raise the price of imports, create an uncertain environment for investors, and devalue the U.S. as a reliable partner in global supply chains?
This. This is what happens.
Stupid asshole.