Broker Check

Your Weekly Journal - February 5, 2024

WE’VE BEEN HEARING A LOT ABOUT LAYOFFS

WE’VE BEEN HEARING A LOT ABOUT LAYOFFS

Last week, the January 2024 Challenger Report found that employers based in the United States cut more than 82,000 jobs in January. That’s a lot. In December 2023, about 35,000 layoffs were announced. The January job cuts were concentrated in a few industries, and the reasons for the cuts included companies restructuring to lower costs and reorienting toward artificial intelligence.