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The Latest Breaking News from Challenger Gray Christmas

US tech layoffs record single-highest month in two years, and more than any other sector — nearly 40,000 get the axe, AI the most cited reason for layoffs

U.S. tech companies announced 38,242 job cuts in May, more than any other sector and the industry's heaviest month of reductions in nearly two years.

Tom’s Hardware

Job cuts in U.S: Lay offs total over 97,000 in May, highest in six years. Check what is disrupting jobs market

Lay offs in the U.S. continue to make headlines as job cuts in the country were estimated highest since 2020.

The Economic Times

HSBC CEO Tells Staff Not To Resist AI As It Could Make Them 'More Productive Versions Of Themselves'

HSBC CEO Georges Elhedery told staff not to fight AI as it could make them "more productive versions of themselves".

International Business Times

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Democrats Significantly Less Likely To Trust AI Companies Than Republicans, Poll Shows

Democrats are less likely than Republicans to trust companies at the forefront of AI, according to a new poll.

International Business Times

LinkedIn Lays Off 5% Of Its Staff As Cuts In Tech Industry Continue

LinkedIn is laying off 5% of its staff as cuts in the tech industry continue.

International Business Times

Workplace Expert Warns 'Nice Reprieve' in Latest Layoff Report Won't Last

Although layoffs declined in February, troubling times might lie ahead for the labor market

International Business Times

Stocks Sink With Alphabet, Bitcoin: Stock Market Today

A dismal round of jobs data did little to lift sentiment on Thursday.

Kiplinger

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A divided Fed meets today, and Wall Street is watching for 4 key words from Powell: ‘In a good place’

If he does not use that phrase, he may be open to further interest rate cuts.

Fortune

US Layoffs Fall Sharply In November — So Why Are Companies Still Avoiding Hiring?

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.

Benzinga

Small Caps Hit a New High on Rate-Cut Hope: Stock Market Today

Odds for a December rate cut remain high after the latest batch of jobs data, which helped the Russell 2000 outperform today.

Kiplinger

3 in 10 US Firms Slash Jobs Before Christmas, Leaving 1.1M Americans Facing 'Brutal' Holiday Unemployment

Nearly a third of US companies plan holiday layoffs despite admitting cuts could wait, amid a year that has already seen over 1.1 million job losses and widespread executive bonuses.

International Business Times UK

Why Now Might Be a Good Time To Boost Your Emergency Fund

Job cuts are rising and hiring is slowing. And don't forget about inflation. Here’s why boosting your emergency fund now could help save you later on.

GOBankingRates

'Yikes': Top investment bank looks under the hood of the economy and finds 'the labor market doesn't look that good'

We've heard the labor market is in a "low-hire, low-fire" kind of environment. The "low hire" part seems to be true, the other not so much.

Fortune

US markets tumble amid Wall Street concern over job losses and AI

S&P 500 down 1.1% and Nasdaq down 1.9% as hiring freezes and layoffs sharpen fears US economy is slowing

The Guardian - US

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Fortune

Everyone thinks AI is replacing factory workers, but Amazon’s layoffs show it’s coming for middle management first

As Amazon slashes 14,000 white-collar roles and the U.S. approaches a million job cuts this year, AI’s first major labor casualty might be emerging.

Benzinga

BLS Data Halts, But Chicago Fed Sees Steady 4.34% Unemployment: Private Sources Flag 'Low Fire, Low Hire' Holiday Risk

As the U.S. government shutdown suspends Bureau of Labor Statistics (BLS) data releases, including the critical September jobs report scheduled for Friday, the Chicago Fed has stepped in with a final real-time forecast, predicting a steady unemployment rate of 4.34% for September 2025, based on 11 job market indicators.

Barchart

Stocks Settle Higher as Chip Makers and AI Infrastructure Stocks Rally

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.37%. December E-mini S&P futures (ESZ25 ) rose +0.06%, and December E-mini Nasdaq futures...

Fortune

AI-driven layoffs are on the rise as the job market shrinks for recent grads

AI is becoming a major driver of workforce reductions, with over 10,000 job cuts in 2025 directly linked to automation, according to new data.

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Fortune

Stunning new data reveals 140% layoff spike in July, with surge in AI and 'technological updates' increasingly apparent

The summer of layoffs is real, according to the July monthly "job cut" report from employment consultancy Challenger, Gray & Christmas.

Fortune

'The rise of the CEO gig economy': Turnover in the corner office is the highest in decades, report finds

"Identifying the right leader for long-term success has become increasingly difficult,” says Andy Challenger, labor and workplace expert at Challenger, Gray & Christmas.

Fortune

Billionaire investor Mark Cuban warns 'this is how recessions start' as federal cuts ripple through economy

“This is a bigger issue than people realize. Not just jobs lost. But their families losing benefits. Landlords losing tenants. Cities and towns losing revenue.”

Kiplinger

Stock Market Today: Trump's Tariff Reversal Can't Save Stocks

Panic selling sent the Nasdaq Composite into correction territory, while the Dow and S&P 500 suffered notable losses.

Fortune

CEO turnover just hit a new January record as companies dump their top brass because of political and economic upheaval

The government and nonprofit sectors have seen the most CEO exits.

Fortune

CEOs have never headed for the exits as much as they are this year—here's why so many are leaving

"The current landscape has a lot of uncertainty baked in, and companies are responding by putting temporary leaders in place."

The Independent UK

Amazon, Target and other retailers are ramping up hiring for the holiday shopping season

Retailers are ramping up hiring for the holiday season

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