The number of layoffs by American companies in November decreased, but still reached a three-year high for the same period

According to Jin Ten's report, data from the U.S. employment consulting firm Challenger shows that the number of layoffs announced by U.S. companies decreased after a surge in October, but still reached the highest level for any November in three years. The report noted that hiring intentions this year have decreased by 35% compared to the same period in 2024, with recruitment plans year-to-date at the lowest level since 2010. The company stated that no new holiday hiring plans were announced last month.