Challenger Job Cuts Report for October 2024

The global outplacement consultancy Challenger, Gray and Christmas, Inc. released its job cuts report, for October 2024:

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Job Cuts Announced During October 2024: 55,597

• Previous month: 72,821
• Change from previous month: -23.65% (-17,224 cuts)

• One-Year Previous: 36,836 

• Change from one year previous: +50.9% (+18,761 cuts)

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If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.

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Challenger Report - Announced Jobs Cuts
October 2024 UPDATE

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Challenger Report - Month by Month TOTALS
October 2024 UPDATE
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 Job Cuts by INDUSTRY
YTD 2023 Thru YTD 2024
October 2024 UPDATE

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• Click here to read the full Challenger, Gray and Christmas report

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