US-based employers announced 35,553 job cuts in December 2025, the lowest since July 2024, down from 71,321 in November and 8% below the level seen in December 2024.
“The year closed with the fewest announced layoff plans all year.
While December is typically slow, this coupled with higher hiring plans, is a positive sign after a year of high job cutting plans,” said Andy Challenger, from Challenger, Gray & Christmas.
In 2025, employers announced 1,206,374 job cuts, an increase of 58% from 2024 and the highest total since 2020.
The Government led all industries in job cuts with 308,167, primarily in the Federal Government.
Technology led in private-sector with 154,445.
"Tech has been pivoting to both developing and implementing AI much more quickly than any other industry.
This coupled with over-hiring over the last decade created a wave of job loss in the industry,” said Challenger.
Meanwhile, employers announced 507,647 planned hires, down 34% from 2024 and the lowest since 2010