U.S. employers announced a substantial 71% decrease in layoff plans during October compared to the previous year. This decline is detailed in a recent report from Challenger, Gray, and Christmas. The firm recorded 44,000 job cut announcements last month, a figure that, while slightly higher than September, remains considerably lower than the 153,000 recorded in October of the prior year. Food companies represented the largest sector for these planned workforce reductions, followed by the technology industry.
https://www.abccolumbia.com/2026/11/05/layoff-plans-down-71-from-last-year/