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Challenger Gray And Christmas

All articles tagged with #challenger gray and christmas

business20 days ago•454 min saved

Record January Job Cuts Hit U.S. Economy, Led by Amazon and UPS

January 2026 saw 108,435 announced U.S. job cuts, the worst January since 2009 and about three times December’s total, with nearly 40% tied to Amazon and UPS. The layoffs spanned transportation, tech, healthcare, chemicals and finance, and AI was cited in thousands of cuts. Private-sector hiring slowed (ADP: +22,000 in January), while unemployment claims rose to 231,000, signaling a sluggish start to 2026 despite some health-care hiring growth.

via CNN|

#amazon #business #challenger-gray-and-christmas

economy2 years ago•1 min saved

February 2024: Record Layoffs Hit US Companies

Layoff announcements in February 2024 reached the highest level for the month since 2009, with a total of 84,638 planned cuts, marking a 3% increase from January and a 9% increase from the same month a year ago. Technology and finance companies were at the forefront of these layoffs, with the tech industry leading in cuts. Despite the rise in layoffs, weekly jobless claims have not reflected the increase, suggesting that unemployment is short-lived and workers are finding new positions. Companies are citing restructuring plans and technological innovations as the main reasons for the reductions in workforce, with artificial intelligence and technological updates contributing to a significant number of job reductions.

via CNBC|

#challenger-gray-and-christmas #economy #finance