"The consulting firm Challenger, Gray & Christmas reported that 2025 layoffs have reached recession-levels, totaling about 1.1 million cuts, including 153,000 in October. Employers cited cost-cutting and AI as drivers, with technology, retail, service, and warehousing sectors hit hardest. The firm reported that technology firms have announced roughly 141,000 job cuts this year, a near 17% increase from 2024."
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