U.S. job cuts surged to 153,074 in October, a significant increase from 54,064 in September, according to Challenger, Gray & Christmas. The technology sector experienced the most substantial layoffs, with entertainment, retail, and manufacturing also affected. The rise in layoffs is linked to high inflation, increased borrowing costs, and geopolitical tensions. Regions with a strong tech presence, such as California and New York, saw the highest job cuts, indicating a broader economic slowdown.