Thursday, February 5, 2026

Biggest January Job Cuts Since 2009

 

Trump stagflation continues:

U.S.-based employers announced 108,435 job cuts in January, an increase of 118% from the 49,795 cuts announced in the same month last year. It is up 205% from the 35,553 job cuts announced in December, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas.

January’s total is the highest for the month since 2009, when 241,749 job cuts were announced. It is the highest monthly total since October 2025, when 153,074 cuts were recorded.

“Generally, we see a high number of job cuts in the first quarter, but this is a high total for January. It means most of these plans were set at the end of 2025, signaling employers are less-than-optimistic about the outlook for 2026,” said Andy Challenger, workplace expert and chief revenue officer for Challenger, Gray & Christmas. (our emphasis)

The biggest job cuts were in Transportation (31,243), Technology (22,291), Healthcare (17,107), and Chemical manufacturing (4,701).

Not to worry, though.  When he's not covering up his massive presence in the Epstein Files, having his DHS domestic terrorists kill people and execute non-judicial warrants, seizing ballots from 2020 in Georgia, threatening new tariffs based on whims or slights (then walking them back), suing the Treasury Department for $10 billion taxpayer dollars, enriching himself and his family through foreign emoluments, letting a nuclear arms treaty with Russia expire while hamstringing Ukraine's defenses, building his $400 million golden ballroom, approving plans for his grand triumphal arch, critiquing the Grammys and writing promos for his wife's movie bomb, etc., he'll get right on it!

 

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