Challenger Report: 71,321 Job Cuts on Restructurings, Closings, Economy
Last edited Thu Dec 4, 2025, 10:14 AM - Edit history (1)
Source: Challenger, Gray & Christmas
Challenger Report: 71,321 Job Cuts on Restructurings, Closings, Economy
NOVEMBER CUTS FALL FROM OCTOBER; UP 24% FROM NOVEMBER 2024
Published December 4, 2025
U.S.-based employers announced 71,321 job cuts in November, up 24% from the 57,727 job cuts announced in the same month last year. It is down 53% from the 153,074 cuts announced one month prior, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas.
November’s total is the highest for the month since 2022 when 76,835 job cuts were announced. It is the eighth time this year job cuts were higher than the corresponding month one year earlier.
“Layoff plans fell last month, certainly a positive sign. That said, job cuts in November have risen above 70,000 only twice since 2008: in 2022 and in 2008,” said Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas.
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Read more: https://www.challengergray.com/blog/challenger-report-71321-job-cuts-on-restructurings-closings-economy/
Edited to add chart. Also see:
https://www.democraticunderground.com/1116101342#post3
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