U.S. companies' layoffs in November declined, but still reached a three-year high for the same period
Jinse Finance reported that data from Challenger, a U.S. employment consulting firm, shows that the number of layoffs announced by U.S. companies last month decreased after a surge in October, but still reached the highest level for any November in the past three years. The report pointed out that hiring intentions this year have dropped by 35% compared to the same period in 2024, and year-to-date hiring plans are at their lowest level since 2010. The company stated that no new holiday hiring plans were announced last month.
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