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Layoffs hit highest level for the month since 2003

challengergray.com

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Re: Layoffs hit highest level for the month since 2003

#51
post #38

Earlier quoted context omitted.

Unions helped Detroit autoworkers so much. I'm not totally opposed to unions but if people don't want to buy the company's product at the price it's offered for (and costs), they can't sustainably force the company to pay workers more.

Workers were not the cause of Detroit's downfall

No (primarily--although, at the time there were a lot of rigid work rules that surely didn't help). But they also weren't a solution.

Re: Layoffs hit highest level for the month since 2003

#52

Earlier quoted context omitted.

“ It is not good management to take profits out of the workers or the buyers; make management produce the profits. Don’t cheapen the product. Don’t cheapen the wage. don’t overcharge the public. Well-managed business pays high wages and sells at low prices. Its workmen have the leisure to enjoy life and the wherewithal with which to finance that enjoyment.” – Henry Ford, Ford Motor Company

Who is today’s Henry Ford?

You mean the Henry Ford who brought in often violent internal company police to prevent unionization? I imagine there are many modern examples if not to the same degree.

Re: Layoffs hit highest level for the month since 2003

#53

Earlier quoted context omitted.

The headline is also shit. I wish there was a way to flag with context.

If something is worth flagging, context isn't needed. If something has problems that can be adequately addressed by adding context, that's what comments, an not flagging, are for. "Flagging with context" is not understanding the purpose of flagging.

Says who? Your tone vs. your actual authority on the subject are wildly incongruous.

There are many modes and methods for interacting. I, personally, am not fond of the dragonwriter method. I'm sure it has its place, but it's just not for me.

Also, you're holding it wrong.

Re: Layoffs hit highest level for the month since 2003

#54

The question for me is, assuming that other companies are more humane and are avoiding laying people off before Christmas, what does January look like?

Companies, especially large ones, generally don't think like that. Q1 can be an active quarter for layoffs (Q1 2023 was probably the most active layoff quarter since COVID), but generally, they happen when they happen (Q2-2025 was more active than Q1-2025).

One very real factor that actually does act as a gravitational pull for doing layoffs in Oct/Nov Q4 is insurance elections. Waiting until January can create a lot of complicated paperwork and cost more. There is also very much a sense that doing layoffs before the holidays, while giving severance pay, is more humane than waiting, because they can "spend time with family" (real words I've heard stated).

Re: Layoffs hit highest level for the month since 2003

#55
post #9

this post is filled with ads and is a low effort rewrite of the OP post: https://www.challengergray.com/blog/october-challenger-repor... which has more info and did the original work. suggest swapping link for this post. would also pay some money to never see this awful site again on HN. by the time you scroll to paragraph 3 the screen is 50% filled with shoe ads and other random shit

Ok, changed above from https://thefivepost.com/u-s-tech-layoffs-hit-two-decade-high... and we banned the latter site. Thanks!

Re: Layoffs hit highest level for the month since 2003

#56
post #20
post #15

Doesn't seem to agree with the data on https://layoffs.fyi/

That's because its a shit title editorialization: The article is actually saying that there hasn't been an October in two decades with this many layoffs, not that this October had more layoffs than any other month in two decades.

We've since changed the title. More at https://news.ycombinator.com/item?id=45870491.

Re: Layoffs hit highest level for the month since 2003

#57
"WHICH INDUSTRIES ARE CUTTING THE MOST IN OCTOBER?

Technology continues to lead in private-sector job cuts as companies restructure amid AI integration, slower demand, and efficiency pressures. In October, the sector announced 33,281 job cuts, up sharply from 5,639 in September. For the year, Technology firms have announced 141,159 job cuts, up 17% from the 120,470 announced through the same period in 2024."

https://www.challengergray.com/blog/october-challenger-repor...

Re: Layoffs hit highest level for the month since 2003

#58
post #54

The question for me is, assuming that other companies are more humane and are avoiding laying people off before Christmas, what does January look like?

Companies, especially large ones, generally don't think like that. Q1 can be an active quarter for layoffs (Q1 2023 was probably the most active layoff quarter since COVID), but generally, they happen when they happen (Q2-2025 was more active than Q1-2025). One very real factor that actually does act as a gravitational pull for doing layoffs in Oct/Nov Q4 is insurance elections. Waiting until January can create a lot…

I can see the logic. Layoffs are always terrible. But if I am getting laid off anyway, I would prefer to know about it before I spend a whole bunch of money during holidays.

Re: Layoffs hit highest level for the month since 2003

#60

I’m not from the us, so can someone give me some real perspective? If you have a couple years experience and you want to make at least ~50k a year, is it actually really hard to find a job in tech right now? Or is this more about senior people not being able to find ~100k a year jobs as easily?

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