2025 has seen a surge of holiday layoffs

Business News2025 has seen a surge of holiday layoffs For the past several years, companies have avoiding making cuts during the holiday season. That seems to be changingByChris MorrisUpdated YesterdayShare to XShare to FacebookShare to RedditShare to EmailShare to LinkBill VarieThe holidays have been fairly stress-free for workers the past several years. Employers, realizing just how bad a look it is to announce substantial layoffs during the end of the fourth quarter, have held off on the move until early the following year. But as 2025 draws to a close, a growing number of workers are getting pink slips in their stockings.Suggested ReadingAI is coming for jobs. This Democrat wants universal basic income to soften the blow'Slop' is the word of the year. What to do about AI taking over your feedsIs $140,000 really the new poverty line in America?While the full employment picture for October, November, and December is still far from clear, thanks to the government shutdown and delays in jobs reports from the Labor Department, other studies that have been issued have shown an increasingly tenuous market.Related ContentTesla's board is also getting paid bigDirector Rob Reiner dead at 78. Here's where to stream his greatest filmsA report last week from Challenger, Gray & Christmas found that 71,321 people lost their jobs in November, with Verizon leading the way with plans to cut 13,000 jobs. That was the biggest total in three years – and only the third time November cuts have topped 70,000.Hiring, at the same time, lagged hitting its lowest point in 15 years.“It was the trend to announce layoff plans toward the end of the year, to align with most companies’ fiscal year-ends. It became unpopular after the Great Recession especially, and best practice dictated layoff plans would occur at times other than the holidays,” said Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas.Wells Fargo's CEO, meanwhile, has said he expects more job cuts at the bank by the end of the quarter.“As we’ve gone through the budgeting process, and even pre AI, we do expect to have less people as we go into next year,” CEO and president Charlie Scharf said at the Goldman Sachs Financial Services Conference in New York City. “We’ll likely have more severance in the fourth quarter."Things likely won't get much better in the New Year. Amazon, which cut 14,000 jobs in October, said it expects “there will be additional places where we can remove layers, increase ownership, and realize efficiency gains” in 2026.AI is behind a lot of the expected cuts, both for efficiency reasons and as companies pour more and more money into the technology and investors begin demanding results.📬 Sign up for the Daily BriefOur free, fast and fun briefing on the global economy, delivered every weekday morning.Sign me upOnly 2% Traders Know this Powerful Intraday StrategyLearn elite scalping strategy from Mr. Pankaj — 6+ years market expert.TradeWise | SponsoredSponsoredLearn MoreUndoThe cost of hearing aids in Karawal Nagar might surprise youRecommended by audiologistHear.com | SponsoredSponsoredLearn MoreUndoKarawal Nagar – This AI-Powered hearing aid is a hit in India. Know why.Recommended by audiologistHear.com | SponsoredSponsoredLearn MoreUndoStart Forex Trading. Get a 100% Welcome BonusFind out why you should join iFOREX, a regulated broker with over 25 years of experience. Open your iFOREX account and enjoy a 100% Welcome Bonus. Sign up today!iFOREX | SponsoredSponsoredSign UpUndoMr. Bala’s Powerful Intraday Strategy Revealed – No More GuessworkJoin Bala Sir's Market Profile Masterclass and Book Your Profit By 11 AM, Sign Up Now For Trading Success.TradeWise | SponsoredSponsoredLearn MoreUndo3 Lakh+ Have Transformed Their SmileDon’t settle. Fix your smile like 3L+ others. Backed by 2K+ dentists, FDA-cleared, starts ₹2485/month.Toothsi by MakeO | SponsoredSponsoredBook NowUndoBlind husband regains his sight, but doesn't tell his wife and he realizes he's been lied to for years.Novelodge | SponsoredSponsoredUndoGreat deals await on Toothsi invisible aligners!Kickstart your smile makeover with FREE advanced dental kit/ MakeO skin treatments worth 10k!Toothsi by MakeO | SponsoredSponsoredBook NowUndoMountain Gear for Extreme ConditionsShop the best in outdoor gear and apparel. High-altitude jackets, trekking boots, and more for your next adventure.Trek Kit India | SponsoredSponsoredLearn MoreUndoWhy Do Your Relationships Fail?

Numerology Might Have the AnswerDecode life events with precision. Know all about Numerology and start earning with this Free Masterclass by Chaitanya Missra.AstroLearn | SponsoredSponsoredLearn MoreUndoSecret Functions In Cars No.8 Is In Every Car And Nobody Knows ItTipgalore | SponsoredSponsoredUndoWoman sells ring given by ex, then jeweler tells her 'This can't be true'Tipgalore | SponsoredSponsoredUndoPlay War Thunder now for freeFight in over 2000 unique and authentic Vehicles. Fight on Land, on Water and in the Air. Join the most comprehensive vehicular combat game. Over 2000 tanks, ships and aircraft.War Thunder | SponsoredSponsoredPlay NowUndoConsumer Reports's 5 least reliable used car brandsQuartzUndoTrump's economy is worse than it looks. Here's whyQuartzUndoFacing Repeated Relationship Problems? Decode Them with NumerologyDecode life events with precision. Know all about Numerology and start earning with this Free Masterclass by Chaitanya Missra.AstroLearn | SponsoredSponsoredLearn MoreUndoExploring Dubai Luxury Villas: A Buyer’s GuideLuxury Dubai Villas | SponsoredSponsoredLearn MoreUndoWar Thunder - Register now for free and play against over 75 Million real PlayersFight in over 2000 unique and authentic Vehicles. Fight on Land, on Water and in the Air. Join the most comprehensive vehicular combat game. Over 2000 tanks, ships and aircraft.War Thunder | SponsoredSponsoredPlay NowUndoYour fingers can tell you a lot about your personality. What kind of fingers do you have?Tips and Tricks | SponsoredSponsoredUndo5 Best Stock Prediction Sources in 2026TechBullion | SponsoredSponsoredUndoMOST POPULARTrumps Stabschefin Susie Wiles zieht über Elon Musk herQuartzUndoMOST POPULAR10 travel destinations that give you the most for your moneyQuartzUndoPresenting the all-new Kia Seltos. Everything’s new. Except the attitude. Book now!Kia India | SponsoredSponsoredBook NowUndoOutdoor Clothing | Designed to Perform. Built to Endure.Engineered for high-output pursuits in unforgiving conditions. A selection of technical apparel that merges advanced materials with alpine-grade design—so you can move fast, stay dry, and push further, wherever the line takes you.