Technology sector cuts most jobs in January in US: Report

Posted on   10:47 am

Led by the technology sector, US-based employers announced 102,943 cuts in January, a massive 136 per cent increase from the 43,651 cuts announced in December, a new report has said. It is 440 per cent higher than the 19,064 cuts announced in the same month in 2022, according to a report by global outplacement and business and executive coaching firm, Challenger, Gray & Christmas, Inc. The technology sector announced the most cuts with 41,829, 41 per cent of all cuts, announced in January.