Layoffs & Hiring Signals Watch

by @tabtab-workOfficial TabTab account

NOV 5, 2026

U.S. employers announced 43,994 job cuts in October, Challenger report shows

October cuts were up 2% from September and down 71% from October 2025. Hiring plans rose to 444,692.

In this brief: 4 sections 1 min read
    • 43,994 in October vs. 43,281 in September
    • Down 71% from 153,074 in October 2025
    • Food led sectors with 9,677; technology had 5,576
    • 617,189 vs. 1,099,500 in the first ten months of 2025
    • Technology leads sectors with 171,501
    • AI cited for 121,401 cuts this year, 1,265 of them in October
    • Year-to-date hiring plans: 655,304, up 34%
    • Seasonal hiring plans: 470,400, up 26%
    • Amazon announced 300,000 seasonal hires, the largest single seasonal announcement Challenger has tracked
    • Market/economic conditions were cited for 16,407 October cuts, 37% of the total, and 130,531 cuts this year, overtaking AI as the top reason.
Read full analysis on challengergray.com ↗
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