The Economic Times News

Recession-like carnage in US: 1.1 million workers laid off this year in one of the biggest job purges yet

The U.S. is seeing very high layoffs in 2025 as companies cut workers more often and in smaller waves. Experts say many businesses are using automation, saving costs, and hiring less. Rich households are still spending, but many workers feel stressed about fewer jobs and slow hiring. This mix is creating worry about job security across the country.