Americans Are Losing Jobs at an Alarming Rate: Tech, Telecom, Retail Hit Hardest
Let’s cut to the chase: the job market is playing hardball, and it’s not handing out participation trophies. October 2025 saw U.S. employers announce over 153,000 job cuts—up 175% from last year and a gut punch to any lingering optimism about a soft landing. While the official unemployment rate is holding steady-ish, behind the scenes, tech, telecom, and retail are getting the corporate axe most aggressively, as companies scramble to cut costs, restructure, and adjust to tighter budgets and AI-driven efficiency pushes. It’s not just about layoffs anymore; it’s about who’s left standing when the music stops.
