US Layoff Plans Hit 71,000 in November as 2025 Total Passes 1.17 Million

New layoff data from Challenger, Gray & Christmas shows 71,321 job cuts announced in November. That’s lower than October’s huge wave of reductions, but still pushes total layoffs for 2025 to 1.17 million so far. The most common reasons companies cited: Restructuring, Closures, Market or economic pressures. Even though November wasn’t as extreme as last month, the pace of cuts this year has stayed elevated. It’s another sign that businesses are still adjusting to slowing demand, margin pressure, and uncertainty around the broader economy.

Source: [https://www.cnbc.com/2025/12/04/layoff-announcements-this-year-top-1point1-million-the-most-since-2020-when-pandemic-hit-challenger-says.html](https://www.cnbc.com/2025/12/04/layoff-announcements-this-year-top-1point1-million-the-most-since-2020-when-pandemic-hit-challenger-says.html)