Tuesday, 24 March, 2026
US Layoffs Surge: AI Drives Job Cuts Past One Million
By Isha
US companies announced 153,074 job cuts in October, nearly triple the previous year, marking the highest October total since 2003. This surge, driven by the tech and warehousing sectors, pushes the year-to-date layoffs past one million. The report attributes the belt-tightening and diminished hiring outlook largely to the "big disruptor" of AI adoption and rising costs.
Read full story at Economic Times