Planned U.S. layoffs rise 20% in January

By Reuters
Posted Feb. 2 at 6:22 a.m.

The number of planned layoffs at U.S. firms in January rose 20 percent from the previous month to 38,519, but the tally was still the lowest for a January since at least 1993, according to a report released on Wednesday.

Noting that January was typically a month of large job cuts, global outplacement company Challenger, Gray & Christmas said in its report that the slowdown in job cuts that began in the latter half of 2010 appeared to be continuing.

Challenger said the January total was the lowest for that month since the company began tracking monthly layoff announcements in 1993.

Job cuts in January were led by the government and non-profit sector, it said.

Read more about the topics in this post:

Companies in this article


  1. Chuck J Feb. 2 at 8:17 a.m.

    Oh yah. I forget…we keep getting to told that the econsmy is growing and things are getting better. yah, right!

  2. jobless_metro_masters Feb. 2 at 11:17 a.m.

    Found out last Friday, yesterday would be my last day. They called me Tuesday because they actually need me through Friday. Either way, I need a job quick!

  3. A Tired American Feb. 2 at 12:26 pm

    The DOW is at 12k right now. But the richest of the rich have taken their bats and balls and gone home because they don’t want to see President Obama succeed. Why isn’t Ann Coulter screaming “TREASON!!!” until her Adam’s apple blows out? I hear there are plenty of American jobs to be found in India.

  4. Mikey Bottoms Feb. 2 at 12:50 pm

    I forgot about the part that we’re all entitled to jobs. If the jobs are in India, go to India. If you’re upset you’re not rich, find a way to get rich. Nobody is stopping you, tough guy.

  5. JOHNATHAN Feb. 2 at 1:12 pm

    To: Chuck J…..what is an ‘econsmy” ???? It’s the economy that is growing.

  6. A Tired American Feb. 2 at 1:15 pm

    Hey, Mikey — how does that CEO’s boot taste? You know, the one you’re licking?

  7. Mikey Bottoms Feb. 2 at 1:28 pm

    If I didn’t like my job, I’d be out looking for another or going to school to better myself. I’m entitled to nothing, so I do my part to try to make situation better. If I wanted an easy ride, I’d work for either the city or Cook County, and do nothing all day. But if it’s easy for you, blame all the CEO’s. Down with CEOs!

  8. A Tired American Feb. 2 at 1:36 pm

    Down with unpatriotic CEOs who are shipping our jobs overseas so they can squeeze every last penny of profit out and screw all the American workers. Let’s put it to a vote, Mikey. Who do you think would win? You or me? Even with all the Koch Brothers’ money and the 24/7 bleating of Faux Noise, when it comes down to it, Americans will put our own families first.

  9. Planwell Feb. 2 at 6:22 pm

    Looks like some folks haven’t gotten the memo. Turns out, bashing business, increased regulations, and overall uncertainty is bad for the economy and jobs. Who knew.

  10. A Tired American Feb. 2 at 10:51 pm

    Without regulations, some businesses will run roughshod over consumers, employees and the environment. I’m not for bashing businesses at all. I’m for rewarding businesses which work for the public good, and bashing businesses like AIG, Enron and Goldman Sachs who got us into the mess we are in, with help from the Bush administration and GOP congresscritters who gave these corporations carte blanche to speculate, deceive, slash and burn, leaving the rest of us to pay the bill.

  11. Planwell Feb. 3 at 7:42 a.m.

    Ummm….no one’s talking about no regulation. Do you have any idea the size of the federal register and how its grown over the years? Blaming the Bush administration still? Geez. I’m no apologist for the big banks, but they were playing by the rules set-up well before Bush. There’s lots of material out there on the Community Re-Investment Act (CRA), Fannie & Freddie who gauranteed the mortgages offered by banks, the work of ACORN to not only promote but REQUIRE sub-prime loans, etc. Wake up – there is plenty of blame to go around and by focusing on Bush, you’re letting way too many players off the hook.