The Exchange Layoffs Soar, Musk's $1T Pay Package & Retail Tariff Reversal? 11/6/25
Nov 6, 2025
Phil LeBeau, an experienced automotive and airline reporter, dives into the rising layoffs that hit a 20-year high in October, exploring the factors behind these job cuts. He discusses Tesla's pivotal shareholder meeting, where a major pay package for Elon Musk is up for vote, alongside FAA flight cuts impacting various airports. Additionally, he touches on potential Supreme Court decisions regarding tariffs and their consequences for the retail sector, highlighting how retailers like Burlington could emerge as beneficiaries.
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Layoffs Signal Labor-Market Cooling
- October layoffs hit a 20-year high, signaling meaningful cooling in the labor market.
- Andy Challenger expects continued layoffs through year-end driven by tech, retail and warehousing cuts.
Markets Reward Public Layoff Announcements
- Wall Street often rewards companies that announce layoffs with stock bumps.
- Steve Leisman warns this creates momentum for more publicized cuts.
AI Shows Up In A Significant Share Of Job Posts
- AI appears in 13% of tracked job postings and extends beyond pure software roles.
- Evan Sohn says firms hire precisely for AI roles while making public, often noisy, layoffs.