US layoffs to cross 1 million in 2025? 9,50,000 jobs cut so far this year; US government shutdown may add to losses
The increase in workforce reductions coincides with a slowdown in the labour market. (AI image) The US economy is staring at a prospect where its job losses for the year could cross 1 million! Nearly 95,00,00 layoffs have happened by US employers through September 2025, marking the highest such figures since 2020, according to outplacement…