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CNBC Daily Open: Tech had a rough day in the markets — its employees had a worse October
CNBC·2025-11-07 09:29

Traders works on the floor of the New York Stock Exchange.October's job losses in the U.S. were nearly twice as high as a month earlier — the steepest for any October since 2003, data from outplacement firm Challenger, Gray & Christmas showed.The technology sector was the hardest hit, with 33,281 cuts, almost six times September's total.Being laid off is an awful feeling — and it must feel bitterly ironic to work in a field that's developing the very technology making you redundant.One person spared both re ...