Major Layoffs to Continue in 2024

Published on February 9, 2024

Continuing the trend from 2023, more major layoffs are coming in 2024. Data collected by DemandSage shows that over 1,64 million Americans were laid off in 2023. To ring in the new year, tech companies, banks, as well as big and small businesses are reporting record-breaking layoffs nationwide, more than doubling in January over December, with more slated over the coming months. A new analysis, published Feb. 1 by executive coaching firm Challenger, Gray & Christmas, U.S. companies announced more than 82,300 job cuts in January, an increase of 136 percent over December. “With the exception of last January’s total, this is the highest number of job cuts announced in the first month of a new year since January 2009, when 241,749 cuts were announced at the start of that year,” the report stated....

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