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US announced job cuts decline 37% in September, YTD total higher than all of 2024

Employee in office packing up box after resignation meeting

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U.S.-based employers announced 54,064 job cuts in September, a down 37% from August and 26% lower from the 72,821 announced in the same month last year, Challenger, Gray & Christmas said on Thursday.

So far in 2025, companies have announced 946,426

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