Money Why are job cuts rising, and what does that mean for you? Uptick shows ‘cracks’ in labor market October 6, 2022October 6, 2022 Bailey Schulz, USA TODAY Comments Off on Why are job cuts rising, and what does that mean for you? Uptick shows ‘cracks’ in labor market U.S.-based employers announced nearly 30,000 job cuts last month, up 68% from the year before.