this post was submitted on 06 Nov 2025
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As reported by the Washington Post on Thursday, new data from corporate outplacement firm Challenger, Gray & Christmas found that employers in October announced 153,000 job cuts, which marked the highest number of layoffs in that month since October 2003.

John Challenger, the CEO of Challenger, Gray & Christmas, told the Post that the huge number of October layoffs showed the economy was entering “new territory.”

“We haven’t seen mega-layoffs of the size that are being discussed now—48,000 from UPS, potentially 30,000 from Amazon—since 2020 and before that, since the recession of 2009,” he explained. “When you see companies making cuts of this size, it does signal a real shift in direction.”

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[–] aramis87@fedia.io 37 points 3 weeks ago (3 children)

So we've lost more jobs with tariffs than we did during a fucking global pandemic that sent the entire planet into lockdown? How is that "winning"?!

[–] grue@lemmy.world 14 points 3 weeks ago (1 children)

More than any single month of the Great Recession too, apparently.

[–] EvacuateSoul@lemmy.world 5 points 3 weeks ago* (last edited 3 weeks ago)

Any October it is saying, not any month (I think)

[–] pivot_root@lemmy.world 7 points 3 weeks ago

It's "winning" in the sense that the oligarchs are making money hand over first while the rest of us are getting fucked by them.

It's all a matter of perspective, see /s

[–] EvacuateSoul@lemmy.world 3 points 3 weeks ago

I think it's only comparing Octobers to other Octobers.

[–] pelespirit@sh.itjust.works 34 points 3 weeks ago (1 children)
[–] TacoButtPlug@sh.itjust.works 3 points 3 weeks ago

too bad so sad they're getting what a lot asked for

[–] LordOfLocksley@lemmy.world 26 points 3 weeks ago (1 children)
[–] reallykindasorta@slrpnk.net 24 points 3 weeks ago* (last edited 3 weeks ago)

Cuts in retail and shipping right before holiday season does seem to indicate they’re reading the writing on the wall. Usually the same companies are ramping up to hire a slew of seasonal temps. Perhaps the cuts are mostly to desk jobs though.

Report being referenced in the article

[–] reallykindasorta@slrpnk.net 21 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Also interesting the cuts are hitting the Eastern and Southern US the most

[–] grue@lemmy.world 7 points 3 weeks ago

Woo, Georgia #1!

...oh wait. 💀

Trump cost me and now an immediate family member our jobs