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 Gold Inches Higher, Supported by Soft Dollar and Rising Middle East Tensions READ MORE A Closer Look at HSBC’s New Gold Token READ MORE Central Banks Boost Gold Reserves to Diversify from the Dollar READ MORE Moderate Inflation Easing Keeps Fed’s InterestRate Cuts on Hold READ MORE An overlooked Fed policy comes into focus as central bankers weigh how to slow ‘QT’ READ MORE Add a Comment Cancel replyYour email address will not be published.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
