"Layoffs in the US hit a 17-year peak in January."
"US employers announced 108,435 job cuts in the first month of the year."
"Companies such as Amazon and Citi have said they're trimming staff this year."
""Generally, we see a high number of job cuts in the first quarter, but this is a high total for January. It means most of these plans were set at the end of 2025, signaling employers are less-than-optimistic about the outlook for 2026," Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas, said in a statement accompanying the report."
US employers announced 108,435 job cuts in January, a 118% increase from the year before. January's total marks a 17-year peak in monthly layoffs. Companies including Amazon and Citi have confirmed plans to trim staff during the year. Challenger, Gray & Christmas provided the monthly figure. Andy Challenger noted that most layoff plans were likely set at the end of 2025 and that the timing signals employers are less-than-optimistic about the outlook for 2026. First-quarter job-cut totals are typically high, but January's level stands out as unusually large and indicative of weaker employer sentiment.
Read at Business Insider
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