Layoffs rise to recession-like levels through October, new report says - The Washington Post
AI Summary1 min read
TL;DR
Layoffs in October reached their highest level in over 20 years, with 153,074 job cuts reported due to cost-cutting and AI factors, signaling recession-like conditions.
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layoffsrecessionjob cutsOctoberChallenger report
- Layoffs rise to recession-like levels through October, new report says The Washington Post
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- Job cuts in October hit highest level for the month in 22 years, Challenger says CNBC
- Layoff announcements surged last month: The worst October in 22 years CNN
- October Challenger Report: 153,074 Job Cuts on Cost-Cutting & AI Challenger, Gray & Christmas, Inc.