US Companies Announce Most January Job Cuts Since 2009

Group 1 - The Challenger report indicates a total of 108,435 job cuts announced in January, marking the highest January total since 2009 [1] - Job cuts in January are up 205% from December, with only 5,306 employers announcing hiring plans, the lowest January total since 2009 [1] - The transportation sector experienced the most significant job cuts, primarily due to UPS announcing 30,000 job cuts, followed by Amazon with 16,000 [2] Group 2 - Health care also saw substantial job cuts, which is unusual for this sector [3] - It is important to note that the Challenger report reflects job cut announcements rather than actual cuts, and some announced cuts may not be executed [3] - Future jobless claims and payroll numbers will provide further insights into the actual impact of these announcements [3]