unemployment

U.S. Layoffs In Skyrocket to Pandemic-Era Levels, Challenger Data Shows

U.S. layoffs have surged to their highest level in four years, according to a new report from Challenger, Gray & Christmas. Employers announced 1.1 million job cuts in 2025, a figure not seen since the early months of the COVID-19 pandemic. Both CBS News and CNBC report that companies across tech, retail, finance, and media