New data indicates a significant rise in layoffs under President Trump’s administration, with over 1.17 million job losses announced in 2025, a rate not seen since the peak of the COVID-19 pandemic. November alone saw 71,321 job losses, representing a 24% increase compared to the previous year. This surge in terminations coincides with Trump’s global tariff campaign, which is thought to be a contributing factor. While there are some positive economic signs, such as a drop in unemployment applications, the trend has been a marked increase in job losses in key sectors, despite the administration’s claims of economic success and job creation.
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HP Inc. announced a global workforce reduction of 4,000 to 6,000 employees by fiscal 2028, primarily impacting product development, internal operations, and customer support teams, with the goal of streamlining operations and leveraging AI. This initiative is expected to generate $1 billion in gross run rate savings over three years. The company is also navigating challenges from rising memory chip prices, driven by increased demand from data centers, anticipating the impact in the second half of fiscal 2026. While Q4 revenue exceeded expectations, HP anticipates adjusted profit per share for fiscal 2026 to be slightly below analyst estimates.
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The Jobs Report Is Canceled. Here’s What Private Data Shows.
With the official jobs report sidelined due to the government shutdown, the focus shifts to private sector data, and the picture it paints isn’t exactly rosy. While the labor market hasn’t cratered, the available information suggests a modest weakening since the summer. It appears we’re in a bit of a holding pattern – not a sharp decline, but certainly not a surge of growth. The situation reminds me of treading water; we’re staying afloat, but not exactly making progress.
The data sources offer a mixed bag. Some reports suggest a slight decline in private-sector employment, while others show a modest rebound.… Continue reading
The US labor market is experiencing a significant downturn, as evidenced by a recent report from Challenger, Gray & Christmas. October saw 153,000 job cuts announced, the highest number since 2003, bringing the total for 2025 to 1.1 million, a level reminiscent of past economic crises. The tech sector is particularly affected, with AI adoption and economic factors contributing to the layoffs. These mass layoffs have sparked concern among Democratic lawmakers who point to the policies of former President Donald Trump as contributing factors to the current economic situation.
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Layoffs in the U.S. surged in October to the highest level in 22 years, with over 153,000 job reductions reported, as companies increasingly adopt AI and tighten budgets. This brings the total layoffs this year to 1.1 million, rivaling those seen during the global financial crisis and the pandemic. Despite President Trump’s assertions about the economy, the report highlights a shift in the labor market. The decline in job security and increased job cuts are politically sensitive and come as voters express their economic concerns, as shown by Democratic victories in recent elections.
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October saw a significant surge in U.S. layoff announcements, with over 153,000 job cuts reported, a 175% increase year-over-year. This marks the highest October increase since 2003, driven by factors like AI adoption, softening spending, and rising costs. While major companies are citing AI as a reason for job cuts, the absence of official economic data due to the government shutdown complicates the assessment of the labor market’s health. Policymakers and investors are relying on alternative data, but the lack of government figures could hinder crucial economic decision-making and potentially impact future interest rate adjustments.
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Judge Illston’s recent ruling suggests the mass firings of federal employees are illegal, potentially signaling trouble for the White House. The judge indicated the October 10th layoff notices appeared politically motivated and poorly planned. As the government shutdown enters its fifth week, roughly 4,100 layoff notices have been issued, some delivered improperly. With no progress on a funding bill due to disagreements over healthcare subsidies, the shutdown continues.
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Amazon to cut about 14,000 corporate jobs in AI push, and the implications of this action are starting to become clear. It seems like the situation is unfolding, and the initial headlines focusing on AI may not tell the whole story. While the term “AI” is being used, there’s a strong sentiment that this isn’t solely about technological advancements. It might be a combination of factors, including the need to adjust for over-hiring during the pandemic and a general push for cost-cutting.
The initial reports of 30,000 job cuts have been revised, but the fact remains that a significant number of corporate positions are being eliminated.… Continue reading
Amazon is poised to eliminate up to 30,000 corporate jobs starting Tuesday, a move intended to curb costs and rectify overhiring that occurred during the pandemic. These cuts could affect several divisions, including human resources, devices, and operations, representing a significant reduction of nearly 10% of its corporate workforce. Managers are undergoing training to communicate the changes, with notifications set to be delivered via email. This initiative is part of CEO Andy Jassy’s effort to reduce bureaucracy and leverage AI, potentially leading to further job reductions.
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As the government shutdown continues, Vice President JD Vance has warned of further “painful” cuts to the federal workforce. These cuts are anticipated to affect thousands of employees, with the Office of Management and Budget already planning for layoffs. This ongoing stalemate, which began due to disagreements over health insurance subsidies, has led to the closure of institutions like the Smithsonian and has escalated tensions between Republicans and Democrats. While both sides blame each other for the impasse, the Republican administration shows no signs of yielding to Democratic demands or abandoning the prospect of additional workforce reductions.
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John Q. Hosedrinker 
Matt Underwood