See why US companies cut 108,000 jobs in January
Feb. 5, 2026, 3:55 p.m. ETIn an omen of economic uncertainty ahead, U.S. companies laid off 108,435 workers in January, an increase of 205% from December. That's the highest number of job cuts announced in any January since the Great Recession of 2009, according to a labor trend report released Feb. 5.Layoffs in January 2026 were 118% higher than the 49,795 cuts announced in January 2025, according to the global outplacement firm Challenger, Gray & Christmas.The number of announced job cuts soared to more than 670,000 in April 2020 at the onset of the COVID-19 shutdowns. But those were related to the pandemic, not regular business cycles.How do layoffs compare?Can't see our graphics? Click here to reload the page.“Generally, we see a high number of job cuts in the first quarter, but this is a high total for January,” Andy Challenger said in a release accompanying his firm's report.Transportation accounted for 31,243 cuts, the most of any industry. Those reductions...





