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January layoffs highest since Great Recession: analyst
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.”
Companies announced only 5,306 new hires, also the lowest January since 2009, and the Challenger data calls into question a narrative that has formed around a no-hire, no-fire labor market.
"Some high-profile layoff announcements have boosted fears of wider damage in the labor market," CNBC reported. "Amazon, UPS and Dow Inc. recently have announced sizable job cuts. Indeed, transportation had the highest level from a sector standpoint in January, due largely to plans from UPS to cut more than 30,000 workers. Technology was second on the back of Amazon’s announcement to shed 16,000 mostly corporate level jobs."
Planned hiring dropped 13 percent since January 2025 and fell off 49 percent since December, and initial jobless claims spiked since early December to a seasonally adjusted total of 231,000 for the last week of January.
"Sobering data from Challenger on the US labor market," said Wharton School professor Mohamed A. El-Erian. "Announced job cuts in January more than doubled year-over-year, hitting their highest level since the 2009 Great Recession. Most notably, these layoffs are occurring while GDP continues to grow at approximately 4 percent, accelerating the decoupling of employment from economic growth — a phenomenon that, if it persists, has profound economic, political, and social implications."
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January layoffs highest since Great Recession: analyst
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.”
Companies announced only 5,306 new hires, also the lowest January since 2009, and the Challenger data calls into question a narrative that has formed around a no-hire, no-fire labor market.
"Some high-profile layoff announcements have boosted fears of wider damage in the labor market," CNBC reported. "Amazon, UPS and Dow Inc. recently have announced sizable job cuts. Indeed, transportation had the highest level from a sector standpoint in January, due largely to plans from UPS to cut more than 30,000 workers. Technology was second on the back of Amazon’s announcement to shed 16,000 mostly corporate level jobs."
Planned hiring dropped 13 percent since January 2025 and fell off 49 percent since December, and initial jobless claims spiked since early December to a seasonally adjusted total of 231,000 for the last week of January.
"Sobering data from Challenger on the US labor market," said Wharton School professor Mohamed A. El-Erian. "Announced job cuts in January more than doubled year-over-year, hitting their highest level since the 2009 Great Recession. Most notably, these layoffs are occurring while GDP continues to grow at approximately 4 percent, accelerating the decoupling of employment from economic growth — a phenomenon that, if it persists, has profound economic, political, and social implications."
‘Political albatross’: CNN data guru dubs Kristi Noem serious political problem for Trump
Dramatic new polling results have revealed that Americans want Homeland Security Secretary Kristi Noem fired and a majority oppose ICE's actions, according to CNN's data guru Thursday.
CNN chief data analyst Harry Enten described the attitude among voters towards ICE's harsh immigration tactics and specifically the high dissatisfaction against the Trump administration, namely Noem, who has led and carried out Trump's harsh immigration policies — and now 58% of Americans want her out of the job.
"The numbers absolutely tell a story," Enten said. "It has been a bad political situation for the president of the United States. And more than that, it is only getting worse. Just take a look at ICE's approval rating. I mean, look at this. And unfortunately immigration. Look, it was already low in early January, right? It was -17 points. But look, after the events of the last month, we are now talking about -29 points, the worst it has ever been. You look among independents, it is even worse than that. We are talking about a negative 40, -40 net approval rating for ICE on enforcing immigration laws. No wonder the president of United States, the president of United States, is changing his tone. And that is because you just look here. You see, the American people aren't just not with him — they are on a totally other planet."
The results have also pointed to a serious problem for President Donald Trump.
"Yeah, there's a reason why John [Berman] stuttered over that and couldn't figure out exactly, because the bottom line is this Kristi Noem has turned into an absolute political albatross," Enten said.
"Look at this. Take a look here. Voters on Noem job performance disapproved in early January 50th 2% and now want her fired. Fired is up to 58%, 58% want her removed," Enten added. "We're not just talking about the fact that her disapproval rating is through the roof. We're now talking about nearly 3 in 5 Americans who believe that Kristi Noem should be removed from her job as DHS secretary. No wonder Tom Homan is in there. And that is because Kristi Noem is a big reason why this has turned into such a deepening political problem for the president."
