U.S. Layoff Announcements Top 1.17M in 2025, Most Since Pandemic, Firm Says

Major layoff announcements have pushed this year’s totals past the 1 million mark again, raising employer and worker concerns about the U.S. labor market. According to outplacement firm Challenger, Gray & Christmas, U.S. employers reported roughly 71,321 planned job cuts in November 2025, and 1.17 million layoffs announced so far this year.

That figure p…