US layoffs soar past 1.1M in 2025, highest level since the pandemic November layoffs dropped 53% from last month but rose 24% yearly, pushing 2025 job cuts to levels not seen since COVID-19 pandemic struck the American workforce. Original Source: https://www.foxbusiness.com/economy/us-layoffs-soar-past-1-1m-2025-highest-level-since-pandemic