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2025.09.0411:35:34UTC+00US Job Cuts at 3-Month High

In August 2025, employers in the U.S. announced 85,979 job cuts, marking a 39% increase from July and a 13% rise compared to the same month the previous year. This figure represents the highest number of job cuts in three months and the most significant for any August since 2020, with the pharmaceutical sector (19.1K), financial sector (18.1K), and tech industry (13K) leading the reductions. To date this year, companies have reported 892,362 job cuts, the highest year-to-date figure since 2020. This is a 66% increase from the 536,421 job cuts announced during the first eight months of last year and a 17% rise from the total of 761,358 cuts recorded throughout 2024. "Following the effects of DOGE on the Federal Government, economic and market factors are now being cited by employers as the main reasons for layoffs. We've also observed an increase in cuts due to the closure of operations or stores and bankruptcies this year compared to last," stated Andrew Challenger, Senior Vice President and labor expert at Challenger, Gray & Christmas.

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