Economic Buzz: US job cuts down 71% on year in Oct-26

The US based employers announced 43,994 job cuts in October, up 2% from the 43,281 cuts announced in September. However, it is down 71% from the 153,074 job cuts announced in October 2025, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas. October layoffs are lowest for the month since 2023. October?s total is the lowest for the month since 2023, when 36,836 cuts were announced, and below the 56,348 average for October from 2015 to 2025. It is the eighth month this year in which cuts came in below the same month one year earlier.

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