Economic Buzz: US job cuts up 58% on month and rise 38% on year

US - based employers announced 52,881 job cuts in August, up 58% from the 33,429 cuts announced in July. It is down 38% from the 85,979 layoff plans announced in the same month last year, and marks the lowest August total since 2022, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas. Through August, employers have announced 529,914 job cuts, down 41% from the 892,362 cuts announced in the first eight months of 2025. Excluding the Government sector, job cut announcements are down 15%.

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