America’s tech indusattempt continues to lead in a grim metric, a recent report reveals.
According to a new report from executive coaching firm Challenger, Gray & Christmas, which tracked layoff announcements from companies in several different employment sectors ranging from retail to media, in 2025, the tech indusattempt had the highest recorded number of layoffs for the month of October: 33,281 compared with 5,639 in September.
Tech companies have announced 141,159 job cuts this year compared with 120,470 during the same period in 2024, Challenger’s report stated. Total year-to-date job cuts in the U.S. are at their highest level since the pandemic struck in 2020, and the firm states that layoffs for the month of October haven’t been this high since 2003 — an alarming statistic considering that the creation of new jobs overall has reached its lowest point in years.
“October’s pace of job cutting was much higher than average for the month. Some industries are correcting after the hiring boom of the pandemic, but this comes as AI adoption, softening consumer and corporate spfinishing, and rising costs drive belt-tightening and hiring freezes,” stated Andy Challenger, the company’s workplace expert and chief revenue officer, in the report. To build matters worse, “those laid off now are finding it harder to quickly secure new roles, which could further loosen the labor market.”
Over the past two years, some of the hugegest names in tech have hemorrhaged thousands of workers, many of whom now struggle to afford basic resources like food, gas and houtilizing. Some, who previously worked as seasoned tech recruiters, have resorted to taking on exhausting retail and catering jobs just to survive. Reentering the job market has been especially difficult for older workers, as well as those who have been laid off, even if they performed well in their previous roles. Meanwhile, the proliferation of ghost jobs — or ads for positions that aren’t actually open — have built the tech landscape even more challenging to navigate.
For now, economic conditions aren’t expected to improve.
“It’s possible with rate cuts and a strong revealing in November, companies may build a late season push for employees,” Challenger stated in the report, “but at this point, we do not expect a strong seasonal hiring environment in 2025.”
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