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Friday, January 16, 2026

Tag: cost cutting measures

October Layoffs Hit 22-Year High as AI and Costs Drive Cuts

US employers cut 153,074 jobs in October 2025 - highest October level since 2003. Warehousing and tech sectors lead unprecedented fourth-quarter layoffs.

Target to Cut 1,800 Jobs in Major Restructuring Amid Stagnant Sales

Target announces largest layoff in decade with 1,000 employees affected plus 800 open positions cut as incoming CEO addresses organizational complexity.