AI Jobs Bloodbath: US Layoffs Hit 20-Year High in October as Corporate Automation Accelerates

US companies announced a huge number of job cuts in October. Data shows this was the most layoffs for any October in over two decades. The main reason is the Artificial Intelligence (AI) revolution. Businesses are aggressively trying to cut costs. They want to automate tasks and increase efficiency.

This push is fundamentally reshaping the workforce. Many large tech firms, like Google and Amazon, are eliminating roles. They cut jobs while also investing billions in new AI tools. This trend affects corporate and middle-management staff most.

Experts are calling this shift a “talent remix.” AI is quickly automating routine and white-collar work. Workers must gain new skills quickly to adapt. This acceleration signals a major, fast-moving change in the American labor market.