If last year’s news cycle felt like a nonstop barrage of corporate layoff announcements, that’s because it was. Employers announced over 1,200,000 job cuts in 2025, up 58% from 2024, when 761,000 layoffs were disclosed, according to an analysis from outplacement services firm Challenger, Gray and Christmas. That’s also the highest level seen since 2020, when some 2,300,000 cuts were announced. March marked the highest month for layoff announcements last year, at around 250,000, followed by February with more than 172,000 cuts, HR Brew previously reported. December saw the fewest announcements, with just 35,553 cuts announced, while employers announced plans to hire more than 10,000 roles, an increase from past Decembers and a positive sign, according to the firm. Zoom out. Challenger, Gray and Christmas’s monthly layoffs tracker is frequently cited in business news coverage about the state of the labor market. That said, experts have warned that Challenger’s data, which tracks layoff announcements, not job cuts themselves, is not a fully reliable source for measuring the current state of the labor market. For more on what HR needs to know about the data, keep reading here.—PM |