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Layoffs have exceeded 1.1M in 2025, the highest mark since the 2020 pandemic, consultancy says

Layoffs have exceeded 1.1M in 2025, the highest mark since the 2020 pandemic, consultancy says

By Swedan Margen

Culture

Companies have cut more than 1 million jobs so far this year, a consulting firm said Thursday, citing restructuring, artificial intelligence and economic factors such as tariffs as the key drivers of layoffs.

Originally published by washingtontimes.com. Syndicated material does not necessarily reflect the views of Grazia British.

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Layoffs have exceeded 1.1M in 2025, the highest mark since the 2020 pandemic, consultancy says | Grazia British