Layoff Updates: November 2025

Layoffs by the Numbers

• On October 30, 2025, U.S. employers announced an expected 153,074 job cuts, the making November worst single month of layoffs in over two decades. That pushed the year-to-date total to ≈ 1.1 million jobs eliminated — a 65% jump over the first ten months of 2024.

• The tech sector remains deeply impacted: trackers report over 118,000 U.S.-based tech jobs cut in 2025 so far, as companies restructure and re-align to changing demand.

• Even long-standing hardware firms are shrinking: HP Inc. recently announced plans to reduce its global workforce by 4,000–6,000 jobs as part of an AI-driven restructuring effort.

• Verizon is cutting more than 13,000 jobs in what the company calls its largest-ever restructuring

⚠️ Why This Surge in Layoffs Matters for IT Asset Risk

With so many employees leaving — often suddenly and en masse — there's a high risk that corporate laptops, secure devices, and IT equipment will fall through the cracks.

During layoffs and organizational restructurings:

• Employees may be offboarded without proper inventory checks.

• Devices can remain unreturned, lost, or unaccounted for.

• Licensing, compliance, data security, and asset-tracking suffer — especially when handling remote or hybrid workers.

In uncertain markets like we have now, businesses can’t afford that kind of risk. If you haven’t yet put a formal process in place, now's the time. Lock down your IT assets proactively. Use a reliable asset-retrieval solution. Protect your infrastructure, your data, and your bottom line.