A new job report says October was one of the worst months in terms of layoffs in over 20 years.
According to outplacement firm Challenger, Gray & Christmas, layoffs across the country spiked in October as companies adjust their workforces amid the AI boom, raising red flags for the labor market.
Over 150,000 Jobs Lost
A total of 153,074 jobs were cut in October, which is an 183 percent jump from September and 175 percent higher than October 2024.
It’s the biggest October layoff total since 2003, and 2025 is shaping up to be the worst year for announced layoffs since 2009.
Layoffs Felt Across New York State
Hudson Valley Post looked up the Worker Adjustment & Restraining Notification (WARN) by the New York State Department of Labor to determine the number of jobs lost across New York State during the month of October…