A recent report by Challenger reveals that the month of October witnessed the highest number of job cuts in 22 years, with a staggering total of 153,074 layoffs announced. This marks a significant increase compared to previous years, attributed primarily to cost-cutting strategies and the impact of artificial intelligence on the workforce. The data highlights a growing trend of layoffs, often likened to recession-like conditions, as companies adjust to economic pressures and automation trends. Additionally, the report notes that year-to-date job cuts in the U.S. have exceeded one million, signaling potential challenges for seasonal hiring and the overall labor market.