US Employers Announce 43,994 Job Cuts in October
October’s total was the lowest for the month since 2023 and the eighth time this year planned layoffs were below year-earlier levels. Food companies led with 9,677 cuts, followed by technology with 5,576 and services with 5,458.
October's reading was the lowest for the month since 2023 and marked the eighth time this year that planned layoffs came in below levels seen a year earlier.Food companies led announced job cuts during the month with 9,677, followed by the technology sector with 5,576 and services firms with 5,458…