Employers slashed more than 150,000 jobs in October, the largest wave of layoffs in more than 20 years, Challenger, Gray & Christmas said.

The post Layoffs hit highest point in over two decades: report appeared first on Salon.com. Former federal prosecutor Jeffrey Toobin threw Anderson Cooper for a loop on Wednesday by telling the host that if the Supreme Court strikes down President Donald Trump's tariff regime, the administration will have to give back the money it has taken in.

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,

If AI proves inefficient, will companies need to rehire the talent they let go? Amid a flurry of tech industry layoffs, Amazon’s recent culling of some 14,000 staff stands out for one dramatic reason: It was blamed,

A trend that started in the technology sector is spreading to other industries, with businesses cutting workers even as their profits expand.

The report from Challenger, Gray & Christmas, a private firm that tracks workplace hirings and firings across the country, found that there were 153,074 layoffs reported last month alone, a 183 percent increase from September. October 2025 also saw the highest number of layoffs for that month in particular over the past 22 years.

Employers announced over 153,000 job cuts last month, marking the worst October for layoff announcements in 22 years.

Though not related to the government shutdown, job cuts at one of the 'Big Four' airlines come at a moment of strain for the travel industry.

Square Enix, the Japanese video game giant, is laying off an unknown number of employees in its North America and European publishing operations as it looks to streamline the business.

Since July, the University of Southern California has laid off more than 900 employees, as it attempts to reduce a deficit that exceeded $200 million in Fiscal Year 2025.

Layoffs across the U.S. soared last month, marking the worst October cuts in 22 years, according to the firm Challenger, Gray and Christmas. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.