Employers have cut over one million jobs so far this year, with announced layoffs surging in October to levels not seen in decades. Some experts have been warning about a possible recession.

“U.S. employers have announced 1.1 million layoffs so far this year — the largest reading since the pandemic recession and on par with 2008 and 2009 job cuts during the Great Recession,” The Washington Post reported on Thursday, pointing to a report from Challenger, Gray & Christmas, which tracks workplace reductions.

Major corporations have cut or are reportedly planning to cut thousands of positions this year:

UPS: 48,000 employees
Amazon: Up to 30,000 employees
Intel: 24,000 employees
Microsoft: 15,000 employees
Target: 1,800 employees

READ MORE: Democratic Rep. Interrupts Speaker Johnson — Accuses Him of ‘Lies’ 

“Employers announced more than 153,000 job cuts last month, a 183 percent increase from the month before, marking the worst October for layoffs since 2003,” the Post reported, citing data from the Challenger report.

“The worst October in 22 years” is how CNN reported the news.

“We’re entering new territory with these layoffs in October,” Challenger CEO John Challenger told the Post. “We haven’t seen mega-layoffs of the size that are being discussed now — 48,000 from UPS, potentially 30,000 from Amazon — since 2020 and before that, since the recession of 2009. When you see companies making cuts of this size, it does signal a real shift in direction.”

Amid the job cuts, the “AI bubble,” President Donald Trump’s massive deportations and tariffs, record-high household debt, climbing automobile payment and consumer loan delinquencies, some believe a recession may be in America’s future.

“Employment has stalled, companies are announcing massive layoffs to appease Wall Street, and car repossessions just reached 2009 (recession) levels,” wrote economics professor and managing director of an economic consulting firm, Hal Singer, just last week. “The GDP numbers mask real suffering in the economy. And the only fiscal tool in the Trump policy kit are tax cuts for the wealthy. This could get ugly.”

Late last month Moody’s Analytics Chief Economist Mark Zandi said 22 U.S. states are already in a recession, Moneywise reported.

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“While Zandi did emphasize that the U.S. is not in a recession just yet, he told MarketWatch that ‘we’re on the precipice,’ blaming much of the problem on President Trump’s tariffs and federal job cuts.”

“A growing number of states are struggling, some already in recession, others right on the edge,” Zandi wrote. “Together, they account for nearly a third of U.S. GDP. The national economy isn’t there yet, but it’s clearly losing steam.”

Pointing to a list of ten major corporations’ jobs cuts, U.S. Senator Elizabeth Warren (D-MA) last week  declared, “This is Donald Trump’s economy.”

CNN Thursday morning reported that a “brand new report is out … and it shows layoff announcements hit their highest level for October in over 20 years.”

“It’s painting a picture of a job market that is really hurting,” CNN’s Matt Egan noted.

CNN: “A brand new report is out showing layoff announcements hit their highest level for October in over 20 years. It’s painting a picture of a job market that is really hurting. US-based employers announced 150,074 job cuts in October, more than any October since 2003.” pic.twitter.com/m231B0a5wi

— Aaron Rupar (@atrupar) November 6, 2025

RELATED: Trump to Talk About Cost of Living Next Year White House Says

Image via Reuters

President Donald Trump, who did not appear interested in changing his messaging when he spoke to Republican senators Wednesday morning after a big night at the polls for Democrats, is now expected to respond to the message voters sent Tuesday night, next year.

The president, a White House advisor told Politico, will talk about the cost of living — one of the top issues he ran on last year — “as we turn … into the new year.”

One of the White House’s “main takeaways from last night’s miserable performance for the Republican Party,” Politico reported, “is that President Donald Trump isn’t focused enough on the issues that matter most to the voters the party needs.”

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“People don’t think he’s lived up to his promises,” a White House ally told Politico. “You won on lowering costs, putting more money back into people’s pockets. And people don’t feel that right now.”

“The President hasn’t talked about the cost of living in months,” another person close to the White House told Politico. “People are still hurting financially and they want to know the White House is paying attention and trying to fix the problem as quickly as possible.”

White House deputy chief of staff James Blair, who served as Trump’s political director for the 2024 election, also weighed in.

“You’ll see the president talk a lot about cost of living as we turn … into the new year,” Blair told Politico. “The president is very keyed into what’s going on, and he recognizes, like anybody, that it takes time to do an economic turnaround, but all the fundamentals are there, and I think we’ll see him be very, very focused on prices and cost of life.”

READ MORE: ‘Sedated and Seduced’: Fox Host Erupts Over ‘Chameleon’ Mamdani and His One Million Voters

In a speech Wednesday afternoon at the America Business Forum in Miami, Trump told attendees, “After last night’s results the decision facing all Americans could not be more clear. We have a choice between communism and common sense. Does that make sense to you? Common sense. It’s common sense or communism. Look back 1,000 years. It hasn’t worked.”

“Our opponents are offering an economic nightmare, we are delivering an economic miracle,” Trump declared. “The biggest investment of funds in a country in history by many times.”

READ MORE: Democratic Rep. Interrupts Speaker Johnson — Accuses Him of ‘Lies’ 

Image via Reuters

A Fox News co-host unleashed a furious tirade against New York City Mayor-elect Zohran Mamdani and the more than one million Americans who voted for him in Tuesday’s election.

Emily Compagno — who recently blamed liberals for Cracker Barrel’s logo change — described the incoming mayor as a “blatant antisemite,” a “chameleon,” and an “absolute joke” whose “communism” will ruin the city.

“When you say, ‘Oh, I’m so excited for this city to have an immigrant mayor,’ I don’t care who he is,” Compagno declared. “He is a blatant antisemite who’s never had a job in his life, who enjoys a royal wedding in Uganda, who lives in a Chelsea multimillion-dollar apartment thanks to the hard work of people that he knows nothing about.”

When pressed to explain why he won, Compagno told her co-hosts, “I think that the million people who voted for him were because he was viral. Clearly, all of them are sedated, and they are seduced by the clickbait.”

READ MORE: Democratic Rep. Interrupts Speaker Johnson — Accuses Him of ‘Lies’

“They have TikTok,” interjected co-host Brian Kilmeade.

“Him jumping in the Long Island Sound, or the Hudson, or whatever it is, with this cheesy smile, of course, he’s gonna quote Eugene Debs out of the gate,” Compagno said, referring to early 20th-century Socialist presidential candidate Mamdani quoted in his speech Tuesday night.

“Of course, he’s gonna start shouting out of the gate. Because what we have seen, over his campaign, was a chameleon. We have anecdotal — people who went to college with him — that said, ‘Yeah, he was a drinking bro.’ He did whatever it was to be popular.”

“And now his insides are coming out,” she continued. “He won the election because people are enthralled by TikTok, not because anyone actually believed his policies will drive up affordability. That’s why everyone left.”

“I consider him an absolute joke, and I look forward to him totally failing, but I am horrified at the prospect of his policies, and his communism, and his antisemitism spreading even further across this rock.”

Compagno: The million people who voted for him, clearly all of them are sedated. I consider him an absolute joke and I look forward to him totally failing. pic.twitter.com/xJICfLVgKC

— Acyn (@Acyn) November 5, 2025

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