Nearly 950,000 jobs have been cut in the US so far this year, the highest total since the early days of the pandemic in 2020, according to new data from outplacement firm Challenger, Gray & Christmas. Experts now believe job cuts could pass 1 million by the end of the year. 🚨 Employers announced 946,426 layoffs so far in 2025 — the highest year-to-date since 2020. Employers announced about 54,000 layoffs in September, a 37% drop from August's total of nearly 86,000, Reuters said. About 750,000 federal workers are furloughed, and several major economic reports have been delayed.