JOURNAL ARTICLE

US Layoff Plans Ease, But Still Most for November Since 2022.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Fanzeres, Julia 3 of 3

Abstract

The article focuses on the decline in announced layoffs at U.S. companies in November, which, despite being lower than October's figures, still represented the highest number for any November in three years. According to data from the outplacement firm Challenger, Gray & Christmas, there were 71,321 job cuts announced, a 24% increase from the previous year. The telecommunications sector, particularly Verizon Communications Inc., led these layoffs, with significant cuts also noted in technology and food services. Additionally, hiring intentions have decreased by 35% compared to the same time last year, marking the lowest year-to-date hiring plans since 2010. The article also mentions the impact of the federal government shutdown on labor market reporting. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/12, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • Accession Number:189829030
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