The labor market just flashed a warning sign that's hard to ignore. By October's end, corporations had announced over 1.09 million job cuts spanning seven key industries—that's a staggering 65% surge compared to the same period last year.



What's particularly striking? October itself accounted for 153,074 of those cuts, making it the bleakest October we've witnessed in over two decades. These numbers aren't just statistics—they're signals about where the broader economic outlook might be heading, and that matters when you're navigating risk assets.
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ser_ngmivip
· 12-11 16:02
1.5 million layoffs... this number really can't be sustained anymore, gotta quickly adjust the investment portfolio.
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LightningSentryvip
· 12-10 21:25
Wow, 1.53 million layoffs? Is this number real? It feels like the entire market is trimming down.
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NotSatoshivip
· 12-09 18:17
Oh my god, over 1.5 million people unemployed—this data just can’t be hidden anymore... --- It’s layoff season again, Web3 folks really need to find a new path now. --- Worst October since 2020? I think the crypto space saw it coming a while ago. --- You really have to be careful with risk assets—take the advice and don’t go all in. --- Is this the real onset of a crypto winter? Should we be buying the dip or pulling out? --- 65% increase... no wonder airdrops are getting fewer lately, all the projects are downsizing. --- With such terrible economic data, you still dare to manipulate risk assets? That’s some nerve. --- To put it bluntly, a recession is coming—better be prepared. --- Over 1.5 million people unemployed and you’re telling me the market is stable? What a joke. --- Looks like it’s time to stock up on stablecoins and wait for opportunities.
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SignatureVerifiervip
· 12-09 18:17
ngl, 1.09m cuts sounds massive until u actually validate the methodology... where's the data sourcing on this? technically speaking, aggregated layoff announcements ≠ confirmed terminations. seen this dataset misused before—requires further auditing imo
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DegenDreamervip
· 12-09 18:16
One million layoffs? That’s insane... October was already a disaster, and it feels like the end of the year will be even worse.
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GraphGuruvip
· 12-09 18:13
1.5 million layoffs? Oh my, this data is really unsustainable. The worst October in twenty years...
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ApeDegenvip
· 12-09 18:06
1.5 million layoffs? The Web3 talent market is about to be flooded. I really don't know whether to laugh or cry...
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HodlAndChillvip
· 12-09 18:03
Hmm... More than 1.5 million people unemployed, the worst October in 20 years? These numbers are really hard to take.
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