layoffs slowing down is nice to see ngl, tech still getting hit hard tho!
US layoffs continue to slow sharply:
US job cut announcements dropped -71% YoY in October, to 43,994, the lowest October total since 2023.
Year-to-date announcements have declined -44% YoY, to 617,189, the lowest January-October total since 2022.
This is also the 8th month of 2026 with job cuts down YoY versus the corresponding month of the prior year.
Food companies led October layoffs with 9,677 cuts, while Technology has recorded the most reductions year-to-date, at 171,501, up +21% YoY.
Market and economic conditions accounted for 16,407 announced job cuts in October, or ~37% of all layoffs, bringing the year-to-date total to 130,531, overtaking AI as the most cited reason.
US employers appear to be slowing job cuts.View quoted post on X
