Job Cuts Surge, Upending Labor Market

Job cuts surge in November, marking highest number since 2022, with over seventy-six thousand layoffs announced. This follows a challenging October, with major employers like Amazon contributing to the worst layoff figures since 2003. Small and medium-sized businesses also experienced job losses, as ADP data reveals thirty-two thousand private-sector job losses. The Department of Labor will release official data on job openings, hires, and layoffs for October and November unemployment rate, providing a clearer picture of the economic health.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.