Challenger: US job cuts up 25% to 60,620 in March

 Job cuts in the United States totaled 60,620 in March, rising 25% the month before, but dropping 78% from the same month a year prior, Challenger, Gray & Christmas revealed in its report released on Thursday.

In the first quarter of 2026, employers announced 217,362 job cuts, down 56% year-over-year. Most jobs, 52,050, were cut in technology in the reported quarter, followed by transportation at 32,241, and healthcare at 23,520.

Meanwhile, employers announced 32,826 hiring plans in March, up 149% from last year. "Companies are shifting budgets toward AI investments at the expense of jobs. The actual replacing of roles can be seen in Technology companies, where AI can replace coding functions. Other industries are testing the limits of this new technology, and while it can’t replace jobs completely, it is costing jobs," Challenger's Chief Revenue Officer Andy Challenger commented.

https://breakingthenews.net/Article/Challenger:-US-job-cuts-up-25-to-60620-in-March/66005294