January layoffs jump to the highest level since 2009, says Challenger

Layoffs in the US hit a 17-year peak in January. According to new data from Challenger, Gray & Christmas, US employers announced 108,435 job cuts in the first month of the year, an increase of 118% from the year before. 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 ...