US layoffs soar past 1.1M in 2025, highest level since the pandemic

Layoffs announced by employers declined on a monthly basis in November but still pushed the 2025 total to the highest level since the wave of pandemic-induced layoffs in 2020, new data from Challenger, Gray & Christmas shows.The report found that U.S. employers announced 71,321 layoffs in November — down 53% from the 153,074 cuts announced in October. Layoffs in the month of November were up 24% from the 57,727 cuts announced in that month last year, and reached their highest