Oct. 02, 2025 6:45 AM ETBy: Gaurav Batavia, SA News Editor
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U.S.-based employers announced 54,064 job cuts in September, a down 37% from August and 26% lower from the 72,821 announced in the same month last year, Challenger, Gray & Christmas said on Thursday.
So far in 2025, companies have announced 946,426
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2025 YTD job cuts are the fifth-highest in 36 years, up 55% from last year and exceeding 2024’s full-year total by 24%.
Factors include a stagnating labor market, cost increases, new technology, DOGE actions, and market or economic conditions.
Service and energy sectors, with services leading and experiencing a significant increase in announced September job cuts.
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