Jobs
US Employers Announced More Than 100,000 Job Cuts in January
- Number of planned reductions more than twice December level
- Technology firms accounted for 41% of announced job cuts
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US employers in January announced the most job cuts since 2020, according to data compiled by Challenger, Gray & Christmas, Inc.
Businesses reported 102,943 cuts in the month, more than twice those announced in December and up 440% from January 2022. The technology sector made up 41% of the planned reductions, Thursday’s report showed. Announced layoffs at retailers and financial companies also climbed from a year ago.