Layoffs Surge to Nearly 20-Year High as Job Openings Plummet
Tamara Ceaikovski
Donald Trump’s economy has led to the worst January in job cuts since the Great Recession in 2009. U.S.-based employers laid off 108,435 employees last month, three times as many as in December and twice as many as January 2025, according to a monthly report from Challenger, Gray & Christmas, a firm that helps executives transition to new jobs. The country hasn’t had a January this bad in seven years, the report said. Two companies are responsible for 40 percent of these job losses: Amazon,
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