US layoffs cool further as October job cuts plunge 71%
US job cut announcements tumbled 71% year-over-year in October, landing at 43,994 — the lightest October since 2023, according to @KobeissiLetter. Year-to-date layoffs are down 44% at 617,189, the lowest January-October count since 2022. It's the eighth month of 2026 with cuts below the same month a year earlier.
- Original source: X account @KobeissiLetter.
- The source published it on Nov 13, 2026 at 6:57 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
- It comes from X posts, not a news outlet.
US employers announced 43,994 job cuts in October, a 71% drop from the same month a year earlier, according to @KobeissiLetter. That's the smallest October total since 2023. The slowdown isn't a one-month fluke: it marks the eighth month of 2026 where cuts came in below the same month the prior year.
The year-to-date picture follows the same path. Announced layoffs through October fell 44% year-over-year, landing at 617,189 — the lowest January-to-October tally since 2022.
Food companies drove the most October reductions, with 9,677 cuts. Technology remains the heaviest single sector for the year, logging 171,501 cuts, up 21% from the same stretch last year.
The reasons behind the cuts are shifting too. Market and economic conditions accounted for 16,407 announced layoffs in October, roughly 37% of the month's total. That pushed the year-to-date figure to 130,531, moving it past AI as the most-cited driver of job reductions.
The takeaway from the data: US employers appear to be pulling back on job cuts.
Topics@KobeissiLetter
Source: x.com
Written by Paparazzi with AI. Not financial advice.
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