Layoffs in Maryland are up nearly 30%, with about 2,000 more jobs being cut than this time last year. Nationally, this year has seen over one million layoffs — the highest amount for this time of year since the Covid-19 pandemic and the Great Recession.
This year, artificial intelligence is among the top ten reasons given by employers for job cuts, alongside cost-cutting, federal cuts and economic conditions, according to the October 2025 Challenger Report, a monthly job cut announcement report published by Challenger, Gray and Christmas Inc., a business consulting firm.
“We have to treat this as a transition period,” said Balaji Padmanabhan, the director of the Center for Artificial Intelligence in Business at the Robert H. Smith School of Business at the University of Maryland. “We are figuring out what AI can do.”…