US Employers Aim to Cut Nearly 1.2M Jobs in 2025 — Highest Since COVID

Dec 10, 2025

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U.S. employers are slashing jobs at a rate not seen since the upheaval of the COVID-19 pandemic. This year, nearly 1.2 million jobs have been earmarked for elimination through November — the highest tally since 2020, according to a new report from Challenger, Gray & Christmas. That figure

was highlighted this week by NBC News.

November alone saw 71,321 l…

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