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US Job Cut Announcements Reach Two-Year High in October

11/28/2025, 03:05
11/28/2025, 03:36
AI SUMMARY
●US job cuts surged to 154,559 in October, marking a two-year high according to MacroEdge data.
●Monthly layoffs have exceeded 100,000 for the fifth time in 2024, signaling labor market weakness.
●The sharp month-over-month increase suggests accelerating deterioration in employment stability.
Alternative data tracked by MacroEdge and reported by The Kobeissi Letter indicates that US job cuts surged to 154,559 in October, an increase of over 70,000 month-over-month. This figure represents the highest level of layoffs in at least two years, signaling a potential deterioration in the labor market. This marks the fifth time this year that monthly job cut announcements have exceeded 100,000, suggesting accelerating weakness in the US labor landscape despite other indicators. The significant jump in layoffs highlights growing caution among employers as economic conditions evolve. [Update 1] Confirmed reports reiterate the specific figure of 154,559 job cuts for October, emphasizing that this is the highest level seen in two years and marks the fifth occurrence of >100k layoffs in 2024.

Sources

01@KobeissiLetter↗
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