Layoffs this year are the worst they've been since the pandemic

Key Highlights

• has seen since the onset of the COVID pandemic in 2020, according to a new report Thursday from the outplacement firm Challenger, Gray & Christmas. Suggested ReadingA new browser hack lets you blast away 3 years of AI slopEverything we know about 'Trump accounts' for kids — and 1 critical question still unanswered6 of the best places to travel solo around EuropeIt's also a 54% increase over the first 11 months of 2024, the firm said.
• November saw a decrease from 153,000-plus October's job cuts, but another 71,321 people lost their jobs, Challenger said.
• That was due, in part, to Verizon's announcement that it would cut 13,000 jobs.
• A November hasn't seen this many job cuts since 2022. Related ContentThere are more billionaires than ever — and they have almost $16 trillionSome Social Security recipients will get two checks this month.
• Here's whyHiring, meanwhile, continues to lag, hitting its lowest point in 15 years.