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October ended up being a rough month for Michigan jobs.
Crain’s Detroit Business reports there were 5,207 layoffs last month, representing 27 percent of all job cuts so far this year, according to an analysis released Thursday by outplacement firm Challenger, Gray & Christmas Inc.
Nationally, there were 153,074 job cuts in October — up 183 percent from September and up 175 percent from October 2024, Crain’s reports.
Crain's reports:
Earlier this week, Detroit-based automotive lender and online bank Ally Financial Inc. announced it planned to lay off 2 percent of its workforce, or about 200 jobs. General Motors Co. extended layoffs in October for 280 employees at its electric vehicle assembly plant, Factory Zero, in Detroit, and laid off more than 200 salaried staff, mostly at its tech center in Warren. Late last month, Southfield-based auto supplier International Automotive Components Group said it plans to cut nearly 250 jobs at two production facilities in Michigan. The list goes on.
“‘DOGE Impact’ remains the leading reason for job cut announcements in 2025, cited in 293,753 planned layoffs so far this year,” the report reads. “This includes direct reductions to the federal workforce and its contractors. An additional 20,976 cuts have been attributed to DOGE downstream impact, which reflects the loss of federal funding to private and non-profit entities.”
