The Economic Times

U.S. layoffs surge to 108,435 in January: Highest layoff total since 2009 recession - which sector lost the most jobs and whats the outlook ahead?

U.S. layoffs surge to 108,435 in January, highest since the 2009 recession. Announced cuts surged 118% year-over-year. The Amazon effect led the decline. UPS slashed 30,000 roles after reducing Amazon deliveries. Amazon itself cut 16,000 corporate positions. Hiring plans fell to a record low of 5,306. Businesses are prioritizing AI over human headcount. The efficiency era has arrived.