Job cuts climb 39% in August, boosting YTD total higher than all of 2024

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U.S. Economy

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Employee in office packing up box after resignation meeting

U.S.-based employers announced 85,979 job cuts in August, up 39% from July and 13% higher than August 2024, Challenger, Gray & Christmas said on Thursday.

So far in 2025, companies have announced 892,362 job cuts, the highest year-to-date total since 2020, when the

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Job cuts climb 39% in August, boosting YTD total higher than all of 2024

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