USA Today (February 5)
U.S. “employers announced 108,435 job cuts in January, the highest tally for the first month of the year since 2009, according to a report out Feb. 5, and a sign employers may be taking defensive steps against economic uncertainty.”
Tags: 2009, Defensive steps, Economic uncertainty, Employers, January, Job cuts, Sign, Tally, U.S.
SF Gate (November 6)
“America’s tech industry continues to lead in a grim metric.” Challenger, Gray & Christmas released a report that “tracked layoff announcements from companies” and “in 2025, the tech industry had the highest recorded number of layoffs for the month of October: 33,281 compared with 5,639 in September.” But the report found layoffs are hardly restricted to the tech industry. “Total year-to-date job cuts in the U.S. are at their highest level since the pandemic struck in 2020” while “layoffs for the month of October” were the highest recorded since 2003.
Tags: 2003, 2020, 2025, Grim metric, Highest, Job cuts, Layoffs, October, Pandemic, Tech industry, U.S.
Forbes (April 8)
“Job cuts are approaching levels not seen since the pandemic began in 2020, as major cuts in the technology and financial industries are starting to show their impact on the economy and soften the labor market.”
Tags: 2020, Economy, Financial industry, Impact, Job cuts, Labor market, Pandemic, Technology
Economic Times (January 23)
Big Tech’s “planned rightsizing is… unlikely to make up for the deep correction in 2022 of technology companies’ stock prices. Earnings estimates for the last quarter of 2022 are grim and Big Tech may have to go in for more job cuts to keep market capitalisation aloft. This could be a theme for the industry in 2023.”
Tags: 2022, 2023, Big tech, Deep correction, Earnings, Estimates, Grim, Job cuts, Market-cap, Rightsizing, Stock prices, Technology, Unlikely
