U.S. Job Cuts Skyrocket to 4-Year High Amid Economic Shifts in 2024
In a daunting turn of events, U.S. job cuts have hit a four-year high in 2024, tallying 761,358—a 5.5% increase from 2023. The technology sector still leads in layoffs, while utilities, energy, and government sectors see dramatic increases, with the West region, particularly California, bearing the brunt. Meanwhile, hiring plans plummeted to a nine-year low, signaling ongoing market uncertainty despite sectors like healthcare and hospitality driving job growth.
Jan 9