US Job Cuts Rise Sharply in January In January, U.S. job cuts surged to the highest level in 10 months, with a 136% increase from December. This spike was primarily seen in the financial and technology sectors due to restructuring efforts. Despite this monthly jump, the year-on-year figures show a 20% decrease in job cuts from January 2023. The financial industry, in particular, experienced a significant rise in layoffs, announcing 23,238 job cuts, more than double compared to the same period last year. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Inflation seems stubborn, but people keep spending. What’s going on? READ MORE Could Redditors Trigger the Silver Squeeze 2.0? READ MORE There is a de-dollarisation happening in global economy – why not bring back ‘gold standard’? READ MORE Higher interest rates make government debt unviable as an economic solution READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
