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 The Psychology of Inflation: Why Many Dispute Government Inflation Figures READ MORE Silver Tumbles Over 5% as Investors Flee to Cover Stock Losses READ MORE Gold Clings to Stability Amid High Interest Rate Fears READ MORE Zimbabwe's Leadership Change Failing to Revitalize Its Troubled Economy READ MORE Goldman Anticipates Bank of Japan Finally Ending Negative Rates READ MORE Add a Comment Cancel replyYour email address will not be published.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