‘OCTOBER’S PACE OF JOB CUTTING WAS MUCH HIGHER THAN AVERAGE’: DEFINITIVE LAYOFF REPORT REVEALS ‘DOGE IMPACT’ ON LABOR MARKET
https://s.yimg.com/ny/api/res/1.2/4TydXR1d3KuOiIx71ydgmA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/fortune_175/726328c23e17ae9b679e5064b0fdd11a
✍️ Layoffs have reached the highest level for October since 2003, with 153,074 job cuts announced, as companies cut costs and prepare for AI integration.
👉 Layoffs reached 153,074 in October, the highest level since 2003 👉 AI adoption is the leading cause of layoffs, with 31,039 job cuts in October alone 👉 DOGE initiative has shrunk public-sector employment by over 290,000 jobs 👉 Job cuts attributed to DOGE could reach 300,000 to 400,000 by year-end
-- #AndyChallenger #UshaHaley #business
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