US employers announced 108,435 job cuts in January 2026—the highest for any January since 2009 and the worst start to a year since the Great Recession—according to Challenger, Gray & Christmas. This marks a threefold surge from December and more than double January 2025 levels. Amazon (16,000 cuts) and UPS (30,000) accounted for about 40% of the total. Hiring plans plunged to just 5,306—the lowest January figure on record since tracking began—signaling pessimism about 2026’s economic outlook, with most plans decided late in 2025. Private-sector hiring added only 22,000 jobs in January per ADP data, half of expectations, following weak 2025 growth. A partial government shutdown delayed the official BLS January jobs report to February 11. The data highlights mounting labor market pressures early in the year.
Source: CNN Business

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