List of Companies Laying Off Employees in October

While the U.S. labor market is still adding jobs overall, layoffs continue to ripple through many industries heading into October. New data from ADP showed private employers added 90,000 jobs in September, driven largely by gains in health care, education and hospitality. However, white-collar sectors including financial activities and professional and business services lost jobs.

This is likely to continue this coming month. Based on current WARN Act filings, Newsweek compiled a list of the top employers planning layoffs during the month of October. The layoff announcements are coming at a time when economic data is sending mixed signals.

Employers continue to create jobs, wages are still growing and unemployment remains relatively low. Yet hiring has become increasingly concentrated in health care and service-sector roles. Many higher-paying corporate, tech and finance positions have become harder to find.

For workers, that means the labor market may look healthy on paper while still feeling challenging for those seeking specific office-based jobs. According to WARN Act databases, the companies with the largest layoff notices this month include: The most notable trend among the layoffs is the continued hit to the labor market in finance. ADP said in its newest report that financial activities employers cut 16,000 jobs in September, making it the weakest major sector in the report.

This is happening as banks undergo restructuring after many of them expanded aggressively in recent years. Wells Fargo, Bank of America and Citigroup have all appeared in WARN databases during 2026. Professional and business services, which include consulting firms, back-office operations, accounting services and corporate support functions, lost 11,000 jobs in September.

This is likely tied to slower corporate spending and the adoption of AI tools replacing some administrative and support roles, experts say. With higher interest rates comes reduced financial activity.” Already this year, the WARN database shows that hundreds of thousands of employees have been affected by layoff notices during 2026. According to LayoffAlert.org, more than 317,000 workers have been affected by 3,651 WARN notices filed across 44 reporting states this year.