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‘Really Hurting’: U.S. Job Cuts Surge to Decades-Level High Amid Trump Recession Fears

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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.

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

“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.

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

 

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Even MAGA Is Confused by Trump’s Birthday UFC Cage Match Project: Report

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President Donald Trump’s birthday UFC cage match project is causing confusion.

“The ‘UFC Freedom 250’ fight, which just so happens to be scheduled for Trump’s 80th birthday, is a part of the MAGA-ified America 250 celebrations,” The Daily Beast reports. “The makeshift venue is expected to be able to hold 4,500 guests, far lower than Trump’s wish for it to hold 20,000 spectators.”

“I think it’s gonna be the biggest event we’ve ever had at the White House,” Trump said earlier this month. “I have never seen anybody want anything so much as people want those tickets.”

Event-related activities will take place around Washington, D.C.

“Weigh-ins for the fight will take place at the Lincoln Memorial,” The Daily Beast noted. “Trump has also said that the White House Ellipse grounds will be made available to host a ‘UFC Freedom 250 Fan Fest,’ where as many as 100,000 people could watch the fights on TV screens.”

UFC CEO Dana White acknowledged that the Fight Night event could harm the president, The Daily Beast also reported.

“I bet he probably wishes that this wasn’t happening, but it’s happening,” White told Rolling Stone on Tuesday.

But when Trump White House Deputy Chief of Staff Dan Scavino posted video of the construction of a temporary cage-match arena on the South Lawn of the White House, supporters appeared confused.

“Happening now, from the West Wing Colonnade—Looking out toward the South Lawn of The White House,” Scavino wrote, adding a #UFC hashtag.

“What is it?” one commenter asked.

“Thought it was a rollercoaster!” said another.

“Gosh, it looks like a big circle with seats on it. You could just plot people on the seats. Take them to the top and who knows if they’ll be hanging out up there 😂or what😂😂 wouldn’t this be a great idea if this were actually the military tribunal’s in front of the whole world,” another wrote.

“Hangings,” wrote yet another.

Others suggested it might be a circus, a portal, or a piece from a time-traveling device. Some mentioned the movies “Stargate” and “Contact.”

 

 

Image via Reuters 

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How Trump Is Monetizing His Cabinet Meeting

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In some ways, President Donald Trump’s Wednesday Cabinet meeting was typical — officials took turns praising the president.

The New York Times reported that it had “reviewed over a dozen hours of cabinet meeting footage to analyze how his administration spoke to him. On average, at least one of every six sentences either flattered Mr. Trump, gave him credit or criticized his political opponents.”

But Wednesday’s meeting had one important difference: Trump promoted a new Trump hat that retails for $55 on the Trump Store. The hats were “displayed prominently in front of senior officials around the table as cameras rolled,” according to The Daily Beast.

“President Donald Trump has turned his latest Cabinet meeting into a merchandising opportunity to line his pockets,” The Daily Beast reported, noting that “new ‘USA 250 Anniversary’ hats were displayed prominently in front of senior officials around the table as cameras rolled.”

New York Post White House correspondent Emily Goodin on social media noted that there was “new merch” at the meeting. “Each cabinet member has one of these hats and a challenge coin.”

Fox Business White House correspondent Edward Lawrence reported that Trump had signed some of the hats.

CNN’s DJ Judd added that the “new USA 250 hat is for sale on the Trump org website and can be yours for $55 plus shipping.” 

President Trump’s online store has added more than 600 new products since he returned to office in January 2025.

Government ethics watchdogs “who have long accused the president of leveraging public office for private gain,” are likely to criticize this latest effort to monetize his presidency, The Daily Beast added.

Pointing to the 622 new products being sold on the Trump Store, the “official retail website of The Trump Organization,” CREW, Citizens for Responsibility and Ethics in Washington, called it “an unprecedented level of monetization of the presidency, even by the standards of Trump’s own first term.”


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NATO Allies Refused to Back Trump’s Iran War — Now He’s Retaliating

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President Donald Trump is going on offense against America’s partners in NATO.

The Commander in Chief, “stung by allies who haven’t been keen to fight another war in the Middle East,” as The Daily Beast reports, is pulling military assets vital to Europe’s protection — and vital to U.S. interests — out of Europe. Among them, a significant number of bombers, warships, fighter jets, refueling aircraft, submarines, destroyers, and roughly 5,000 troops.

The Daily Beast calls the moves “Snubbed Trump’s Petty Revenge Plot.”

While it would take an act of Congress to withdraw from NATO itself, withdrawing military assets is entirely up to the discretion of the Commander in Chief and the Secretary of Defense.

The president has become “incensed by European allies’ refusal to back his war in Iran, Der Spiegel reported,” The Daily Beast noted.

Trump, a strong critic of NATO for years, has, along with Secretary of State Marco Rubio, become “increasingly critical” of NATO, its refusal to assist U.S. efforts in the Iran war, and what he sees as NATO member countries’ refusal to spend sufficiently on their militaries and defense.

“Key members such as Spain and Italy incensed the president, 79, by closing their airspace and air bases to U.S. military aircraft taking part in the bombardment of Iran,” The Daily Beast noted. “That followed tension created by Trump’s repeated musings about seizing control of Greenland, which belongs to NATO member Denmark.”

Secretary Rubio told Fox News that the “problem with NATO, unfortunately—and I’ve been a supporter of NATO throughout my career in the Senate—and one of the reasons I supported NATO is it gave us basing rights.”

He explained that those rights gave the U.S. a “contingency” for when flying to areas like the Middle East. European bases can offer U.S. forces staging and refueling areas.

“And so, when you have NATO partners denying you the use of those bases, when the primary reason that NATO is good for America is now being denied to us by Spain, as an example, then what’s the purpose of the alliance?” Rubio asked.

 

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