It’s month 10 of President Trump’s second term, and layoffs are the highest they’ve been in more than 20 years. A Thursday report from outplacement firm Challenger, Gray & Christmas shows job cuts last month increased by more than 153,000, up 175 percent from October of last year. In total, companies have announced more than one million job cuts in 2025, up 65 percent from the same time period last year. This was the worst October since 2003. “This is the highest total for October in over 20