U.S. layoffs dropped 27% in July, while hiring activity increased.

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U.S. layoffs fell 27% in July to 33,429, the lowest level in two years, with tech sector cuts still led by AI. Hiring rose 25% year-to-date, according to Challenger. Whale activity in crypto markets shows signs of shifting, as altcoins gaining traction attract investors seeking new opportunities amid evolving job market dynamics.
ME AI News: According to the latest U.S. Challenger job cut report, U.S. layoffs in July dropped to 33,429, with hiring plans showing signs of recovery; artificial intelligence has been the primary cause of layoffs for the fifth consecutive month. The report states that U.S. employers announced 27% fewer layoffs in July compared to June, and a 46% decline compared to the same period last year—the lowest monthly total in two years. July’s total layoffs marked the lowest level since July 2024, when 25,885 layoffs were announced. Through July, employers have announced 477,033 layoffs, a 41% decrease compared to the first seven months of 2025. This marks the fifth time this year that layoffs have been lower than the same period last year. Layoff rates have dropped significantly this summer. Layoff plans remain concentrated in the technology sector, with artificial intelligence continuing to dominate discussions as investment in this technology reshapes corporate structures. However, Andy Challenger, Chief Revenue Officer at Challenger, Gray & Christmas, said: “Hiring has increased by 25% compared to last year, so while AI is transforming the labor market, it is not dismantling employment.” (Jin10) (Source: MLion)
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