US layoffs are spreading, and now TikTok is cutting jobs — bad news for workers heading into the holiday season.

• TikTok is closing its Nashville office and laying off 250 people, including content moderators.
• The office shuts down in early October, with workers notified by email.
• Salesforce is reportedly cutting jobs on the same date, a sign layoffs are picking up across big companies.
• The usual holiday hiring boost may not show up this year, which could make the job market feel much weaker.

Outlook: Expect more layoffs through the fall, with little of the seasonal hiring that normally props up jobs before Christmas.