US Layoff Plans Ease, But Still Most for November Since 2022

Announced layoffs at US companies fell last month after surging in October, but were still the highest for any November in three years, according to data from outplacement firm Challenger, Gray & Christmas.

Companies announced 71,321 job cuts last month, the firm said Thursday. That was about half the total from the previous month, which recorded the most announcements for any October in more than 20 years.