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In California, job losses mount amid uncertainty and Al's rise
Los Angeles Times
|September 05, 2025
Job cuts so far this year have already surpassed the total for 2024, as government cost-cutting, economic uncertainty and AI have prompted employers to reduce staff.
MARTA LAVANDIER Associated Press THROUGH August, firms say about 892,000 jobs had been cut. Above, a job seeker last month in Florida.
California and the tech industry have been particularly hard hit, according to a report Thursday from Challenger, Gray & Christmas, a company that helps people pivot to new careers and monitors job cut announcements by U.S. companies.
In the eight months through August, U.S. companies announced about 892,000 cuts. That's 66% more than a year earlier and above the total for all of 2024. The last time the cut tally was higher was in the middle of COVID-19 pandemic lockdowns in 2020.
The Trump administration’s initiative to cut government spending through what it calls the Department of Government Efficiency, also known as DOGE — was the biggest culprit for the slashing of government jobs, while economic concerns and technological change weighed on sectors including tech, finance and retail.
This story is from the September 05, 2025 edition of Los Angeles Times.
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