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Real-time News
August 6th - According to the latest Challenger layoff report, the number of layoffs in the US fell to 33,429 in July, with hiring plans showing signs of recovery; artificial intelligence (AI) became the main driver of layoffs for the fifth consecutive month. The report states that US employers announced 27% fewer layoffs in July than in June, and a 46% decrease compared to the same period last year, marking the lowest monthly total in two years. Julys total layoffs were the lowest since July 2024, when 25,885 layoffs were announced. As of July, employers had announced 477,033 layoffs, a 41% decrease compared to the number announced in the first seven months of 2025. This is the fifth time this year that layoff numbers have fallen below the same period last year. The pace of layoffs slowed significantly this summer. Layoff plans remain primarily concentrated in the technology sector, with AI remaining a dominant topic as investment in this technology reshapes corporate organizational structures. However, Andy Challenger, Chief Revenue Officer of Challenger, stated, "Hiring is up 25% from last year, so while AI is changing the labor market, its not destroying employment."The Challenger Job Cuts Report shows that Julys total layoffs were the lowest monthly level since July 2024, when 25,885 layoffs were announced. As of July, employers had announced 477,033 job cuts, a 41% decrease from the 806,383 announced in the first seven months of 2025. This is the fifth time this year that layoff numbers have fallen below the level of the same period last year.The US Challenger job cuts rate fell 27.09% month-over-month in July, compared to -53% in the previous month.The number of Challenger job cuts in the U.S. in July was 33,429, compared to 45,849 in July.Shipping giant Maersk: Will implement temporary adjustments to energy/fuel prices to reflect costs in land transport.
