U.S. Layoff Announcements Top 1.17M in 2025 — Highest Since Pandemic

U.S. layoff announcements this year have surged to the highest level since the pandemic, with employers reporting more than 1.17 million job cuts through November, according to data from Challenger, Gray & Christmas. That total is significantly above last year’s pace and highlights rising labor market caution as 2025 winds down.

Tension is rising becaus…