U.S. Layoffs in 2025 Reach Highest Level Since 2009, Bitcoin Dips

2025-12-09 04:45

U.S. layoffs in 2025 have surged to nearly 1.2 million, marking the highest level since the 2009 Great Recession, according to Challenger, Gray & Christmas. November recorded 71,321 job cuts, a decrease from October but an increase compared to November 2024. The Department of Government Efficiency led the layoffs, with market and economic conditions also contributing significantly. Meanwhile, AI-related job cuts were fewer than 55,000. Amid this economic uncertainty, Bitcoin's price fell by 1.57%, trading at $90,146.16. The decline reflects broader market concerns as economic conditions continue to impact investor sentiment.

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