Nearly 950,000 jobs have been cut in the US so far this year, the highest total since the early days of the pandemic in 2020, according to new data from outplacement firm Challenger, Gray & Christmas.
The report shows that job losses are growing fast in 2025. Employers are struggling with rising costs, slower hiring, and new technology changes. Experts now believe job cuts could pass 1 million by the end of the year.
