Chilling! US layoffs in October hit a 20-year high, with AI impact and cost reduction as the main reasons.

According to the financial news app Wise Finance, based on data from employment consulting company Challenger, Gray & Christmas, the size of layoffs announced by US companies in October reached the highest level in over 20 years. The reshaping of industries by artificial intelligence and cost reduction have become the core driving forces behind this wave of layoffs.