Dec. 4 (UPI) -- Consulting firm Challenger, Gray and Christmas said Thursday that U.S. job cuts bumped past the 1 million threshold for 2025 in November.
Chicago-headquartered Challenger indicated that corporate restructuring acts, artificial intelligence and U.S. President Donald Trump's tariffs have largely driven down job rolls. For November, Challenger further stated layoff plans accounted for 71,321 jobs.
It was a slight downgrade from the significant job cut in October, but still pushed the 2025 total to more than 1 million.
Challenger said its 54% spike from the same 11-month timeline in 2024, and the highest since the COVID-19 pandemic in 2020.
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