Overview
- Challenger, Gray & Christmas, which released its report Thursday, said employers announced 83,387 cuts in April, up 38% from March.
- Through April, companies have outlined 300,749 reductions, roughly half the total at this point in 2025.
- Technology firms accounted for 33,361 cuts in April and 85,411 so far this year, a 33% year-over-year rise for the sector.
- Artificial intelligence was the top reason cited in April, linked to 21,490 cuts, or 26% of the month’s total.
- Employers also dialed back hiring plans to 10,049 roles in April, a 69% drop from March that signals softer demand.