United States Challenger Job Cuts

US-based employers announced 35,553 job cuts in December 2025, the lowest since July 2024, down from 71,321 in November and 8% below the level seen in December 2024. “The year closed with the fewest announced layoff plans all year. While December is typically slow, this coupled with higher hiring plans, is a positive sign after a year of high job cutting plans,” said Andy Challenger, from Challenger, Gray & Christmas. In 2025, employers announced 1,206,374 job cuts, an increase of 58% from 2024 and the highest total since 2020. The Government led all industries in job cuts with 308,167, primarily in the Federal Government. Technology led in private-sector with 154,445. "Tech has been pivoting to both developing and implementing AI much more quickly than any other industry. This coupled with over-hiring over the last decade created a wave of job loss in the industry,” said Challenger. Meanwhile, employers announced 507,647 planned hires, down 34% from 2024 and the lowest since 2010