"In fact, Sara, as you mentioned, this is the highest since January 2009 during the great financial crisis. Of course, that was just months after the collapse of Lehman Brothers. Now, as far as where the layoffs are, it's really largely in two sectors transportation and technology really leading the way. In fact, two companies UPS and Amazon account for roughly 40% of the announced layoffs. Also healthcare, chemicals, and finance, as well."
"According to the report, the leading reasons for the layoffs included contract loss and market/economic development. Artificial intelligence was also cited as a key reason. Egan also noted that hiring numbers were just as grim: One other thing to point out though here, Sarah, is this was also a bad month for hiring. Challenger says that just about 5,300 announced hiring plans by companies. That was down 13% year-over-year. In fact, this was the lowest since Challenger started tracking this back in 2009."
January recorded more than 108,000 layoff announcements—double the prior January and over three times December 2025—the highest since January 2009. Layoffs concentrated in transportation and technology; UPS and Amazon accounted for roughly 40 percent of announced cuts. Healthcare, chemicals, and finance also saw significant job losses. Leading causes included contract loss and market or economic development, with artificial intelligence cited as a contributing factor. Announced hiring plans totaled about 5,300, down 13 percent year‑over‑year and the lowest level since tracking began in 2009. The data continue a trend of weak job growth and indicate no substantial January rebound.
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