Challenger, Gray & Christmas reported U.S. announced layoffs fell to 33,429 in
July, down 27% month-on-month and 46% year-on-year — the lowest monthly total in
two years and the lowest since July 2024, when 25,885 cuts were announced.
Through July employers have disclosed 477,033 layoffs, a 41% decline versus the
first seven months of 2025; this is the fifth month this year with fewer cuts
than the prior year. Layoffs remain concentrated in tech, with AI cited as the
top reason for cuts for a fifth consecutive month. Andy Challenger, the firm's
chief revenue officer, said hiring plans are up 25% year-on-year and that AI is
reshaping workforces but has not undermined overall employment.
