“Trump put billionaires in charge of everything,” said progressive Congressman Greg Casar. “It’s a disaster.”
The US labor market, which in recent months had ground nearly to a halt, now appears to be entering a downward spiral.
As reported by the Washington Post on Thursday, new data from corporate outplacement firm Challenger, Gray & Christmas found that employers in October announced 153,000 job cuts, which marked the highest number of layoffs in that month since October 2003.
Total announced job cuts in 2025 have now reached 1.1 million, a number that the Post describes as a “recession-like” level comparable to the steep job cuts announced in the wake of the dotcom bust of the early 2000s, the global financial crisis of 2008, and the onset of the Covid-19 pandemic in 2020.
Big 3 firm doge cuts to contracts, couldn’t justify acquiring us anymore mid-deal. Stood to have my first proper exit after 20 years, and finally almost put a down payment on a starter home at middle age. I have more ways this has fucked me in business, but you get the point. This isn’t even capitalism.
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I’m sorry to hear that.
Thanks! I’m blessed to have work when a lot of good people don’t.