US mass layoff warnings are rising at a concerning pace: 39,006 Americans were given advance layoff notice in October, the 2nd-highest since the 2020 pandemic. These notices are issued under the Worker Adjustment and Retraining Notification (WARN) Act, which obligates covered employers to provide at least 60 days of notice before a mass layoff or plant closing. This marks a +162% spike since August, when 14,900 Americans received such notice. Since 2006, WARN notices have only been higher in 2008, 2009, 2020, and May 2025. As a result, the 12-month average rose to 26,927, matching levels seen in 2008. More mass layoffs are coming.(The Kobeissi Letter)