January layoffs highest since Great Recession: analyst
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Source: Raw Story
By Travis Gettys
Published February 5, 2026 10:41AM ET
Layoffs hit their highest total last month since the Great Recession nearly two decades ago, according to a new analysis, and employers don't look to be adding jobs soon.
U.S. employers announced 108,435 layoffs for January, up 118 percent from the same period a year ago and 205 percent from December, according to outplacement firm Challenger, Gray & Christmas, and CNBC reported those were the highest totals for January since the depths of the global financial crisis in 2009.
Generally, we see a high number of job cuts in the first quarter, but this is a high total for January, said Andy Challenger, chief revenue officer for the firm. It means most of these plans were set at the end of 2025, signaling employers are less-than-optimistic about the outlook for 2026.
Read more: https://www.rawstory.com/layoff-totals-2026-great-recession/
Every time there is this economic reality ................guess who was or is in power............and then who bails them out........
Ray Bruns
(6,095 posts)
patphil
(8,829 posts)It doesn't look like there'll be a lot of investment in new factories, new products, or expansion of existing product lines for the forseeable future.
I think the big corporations are going to sit this one out until the flames and smoke from the dumpster fire that is the Trump government is extinguished.
question everything
(51,839 posts)Do many realize that loss of jobs affect tax revenues including funds for Social Security?
progree
(12,804 posts)Lasher
(29,466 posts)Please continue discussion in this earlier thread.