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US companies announced 153,074 job cuts last month (most job cuts for any October in more than two decades), driven by the technology and warehousing sectors, according to data from Challenger, Gray & Christmas Inc.
The job cuts are attributed to AI adoption, softening consumer and corporate spending, and rising costs, which are driving belt-tightening and hiring freezes, said Andy Challenger.
Companies such as Target Corp, Amazon.com Inc, and Paramount Skydance Corp have announced plans to eliminate thousands of roles, citing reasons such as increased use of automation and the need to reduce layers of management.

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[v s (from livejournal.com)]

Right, if only democrat was in the White House ..