U.S.-based employers announced 62,075 job cuts in July 2025, rising 29% from June’s 47,999.
Worse yet, the total is up by 140% from 25,885 announced in July 2025 and comes amid widespread industry chatter that Paramount Global, which releases its Q2 2025 earnings results after U.S. financial markets close on Thursday, will say goodbye to thousands of employees once Skydance Media completes its $8 billion merger with the owner of CBS News & Stations.
