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https://www.businessinsider.com/january-layoffs-cuts-highest-level-since-2009-challenger-2026-2
The first month of this year saw more layoffs than any January since 2009, per data from Challenger, Gray & Christmas.
The report found that employers announced 108,435 job cuts in January.
Companies such as Amazon and Citi have said they're trimming staff this year.
This January was marked by more layoffs than any January since 2009.
Data from Challenger, Gray & Christmas, an outplacement company, shows that US employers announced 108,435 job cuts in the first month of the year, an increase of 118% from the year before.
Major companies have said they're trimming staff this year. In January, Amazon announced it would cut 16,000 corporate roles, after cutting 14,000 jobs in October last year.
The 30,000 layoffs announced by UPS in January helped make transportation the sector with the most job cuts, the Challenger report said.
Elsewhere, Citi said in January it plans to cut around 10% of its workforce, or 20,000 employees.
Challenger said on Thursday that hiring also stalled in January, with employers announcing 5,306 new hiring plans — the weakest start to the year since it began tracking this data in 2009.
"Generally, we see a high number of job cuts in the first quarter, but this is a high total for January," Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas, said in a statement accompanying the report.
The first month of this year saw more layoffs than any January since 2009, per data from Challenger, Gray & Christmas.
The report found that employers announced 108,435 job cuts in January.
Companies such as Amazon and Citi have said they're trimming staff this year.
This January was marked by more layoffs than any January since 2009.
Data from Challenger, Gray & Christmas, an outplacement company, shows that US employers announced 108,435 job cuts in the first month of the year, an increase of 118% from the year before.
Major companies have said they're trimming staff this year. In January, Amazon announced it would cut 16,000 corporate roles, after cutting 14,000 jobs in October last year.
The 30,000 layoffs announced by UPS in January helped make transportation the sector with the most job cuts, the Challenger report said.
Elsewhere, Citi said in January it plans to cut around 10% of its workforce, or 20,000 employees.
Challenger said on Thursday that hiring also stalled in January, with employers announcing 5,306 new hiring plans — the weakest start to the year since it began tracking this data in 2009.
"Generally, we see a high number of job cuts in the first quarter, but this is a high total for January," Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas, said in a statement accompanying the report.
