August 2025 Layoffs Report: 86,000 Job Cuts as Pharma and Finance Emerge, Hiring Collapses
U.S. employers announced 85,979 layoffs in August 2025, up 39% from July and 13% YoY. YTD: 892,362 (near 900k). Pharma leads with 19,112. Finance: 18,092. Tech: 12,988 (YTD 102k+). Hiring collapses…