Layoffs announced by U.S. employers slowed sharply in November, but companies showed little appetite to add workers, underscoring a labor market that remains stuck in caution mode as firms confront soft demand, tariff pressures, and rising operating costs.
Global outplacement and executive coaching firm Challenger, Gray & Christmas said Thursday that planned cuts fell 53% from October to 71,321, a significant pullback from the prior month’s spike. Still, November's total came in 24% higher than a year earlier, marking the biggest November tally since 2022.
