Americans are losing jobs at an alarming rate: Tech, telecom, retail hit hardest
US employers announced 71,321 job cuts in November 2025, marking a 24% increase from last year and the highest November total since 2022, according to Challenger, Gray & Christmas. Technology, telecommunications, retail, and non-profits faced the steepest reductions, driven by AI, restructuring, economic pressures, and government funding cuts, while hiring intentions hit a decade-low.
US employers announced 71,321 job cuts in November 2025, marking a 24% increase from last year and the highest November total since 2022, according to Challenger, Gray & Christmas. Technology, telecommunications, retail, and non-profits faced the steepest reductions, driven by AI, restructuring, economic pressures, and government funding cuts, while hiring intentions hit a decade-low.
