---
title: 🦔 Layoffs are back — and they’re bigger than you think.
description: "Through September, U.S. companies cut nearly 950,000 jobs — the highest year-to-date total since 2020 and worse than any full year since the Great Recession (excluding COVID).\n\nOctober alone brought headlines:\n💻 Amazon – 14,000 corporate roles gone (AI cited as a factor)\n🏪 Target – 1,800 jobs cut\n☕ Starbucks – 900 employees laid off\n🎬 Paramount – 1,000 roles eliminated\n\nEven Southwest Airlines announced its first major layoffs ever.\n\nGovernment jobs made up ~300,000 of those cuts, but tech and retail are taking the brunt.\n\n“We’re not just in a low hire, low fire environment anymore. We’re firing.” – Dan North, Allianz Trade\n\nThe new pattern?\n\nAI is accelerating restructuring. 60%+ of executives on LinkedIn say AI will replace entry-level tasks.\n\nCompanies are trimming labor to protect profits amid tariffs and cost pressures.\n\nJob security is no longer guaranteed — even in stable sectors.\n\nSource: zerohedge, Bloomberg"
---

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# [🦔 Layoffs are back — and they’re bigger than you think.](https://blog.syzgroup.com/syz-the-moment/layoffs-are-back-and-theyre-bigger-than-you-think)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Nov 4, 2025, 1:44:06 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/layoffs-are-back-and-theyre-bigger-than-you-think)

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