Ai-driven layoffs Trends & Statistics
Block notches growth from strength in lending, banking but still culls 40% of workforce
Cash App drove growth in Q4, but Dorsey opts for AI over higher headcount.
The common thread across 2025 has been uncertainty. That’s unlikely to change in the year ahead.
From tariffs to AI layoffs, retailers and consumers are flying blind and forced to adapt on the fly.
US employers shed over 1.1 million jobs this year—so far
US employers have announced over 1.1 million job cuts this year, the most since 2020 and a 54% increase YoY, according to Challenger, Gray & Christmas. The report, alongside similarly soft numbers from ADP, is unlikely to stem the decline in US consumer confidence. While the end of the government shutdown eased some anxieties, households remain concerned about the weakening labor market and rising inflation. These concerns could weigh on holiday spending by pushing shoppers to reduce their budgets and prioritize essentials.
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