A new report by the analyst firm Challenger, Gray & Christmas, which tracks layoffs across various industries, found that the US tech industry had the highest number of layoffs in October of any sector, with a whopping 33,281 tech workers out of the job. That’s an awfully high number for one month, and it looks even worse in context — just a month earlier, the number of tech industry layoffs was only 5,639. Tech companies are planning to lay off 141,159 jobs this year so far, per the report, up from 120,470 over the same period in 2024. While it’s easy to blame AI for the tech industry layoffs, CG&C highlights some other factors contributing to the dismal labor news. More on labor: The AI Industry Is Traumatizing Desperate Contractors in the Developing World for Pennies