August 2025 Job Cuts Report

This report details the job cuts announced by U.S.-based employers in August 2025, totaling 85,979, which represents a 39% increase from July and a 13% increase from August 2024. The report indicates that this figure is the highest for August since 2020 and marks the sixth consecutive month in 2025 where job cuts exceeded the previous year's totals. The document outlines the industries most affected, with pharmaceuticals and finance leading the cuts, followed by retail and technology sectors. It also discusses the reasons behind these layoffs, including economic uncertainty, market volatility, and operational closures. The report provides a regional analysis of job cuts, highlighting significant increases in the East and South regions, particularly in states like New Jersey and Georgia. Additionally, it presents hiring plans for 2025, noting a modest increase in job additions compared to the previous year, with August showing the lowest hiring total since tracking began in 2009.