Job cuts in the United States observed a monthly slump of 205% and an annual one of 118% to reach 108,435 in January, Challenger, Gray & Christmas revealed in its report published on Thursday. The figure is the highest one registered for January since 2009, and the highest monthly one since last October.
Most jobs, 31,243, were cut in transportation, followed by technology at 22,291, and healthcare at 17,107. Meanwhile, employers announced 5,306 hiring plans, the lowest number for the month since tracking began in 2009.
"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 the outlook for 2026," Challenger's Chief Revenue Officer (CRO) Andy Challenger said.
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