US layoffs have reached recessionary levels, with employers announcing 1.21 million job cuts in 2025, up 58% YoY—the highest since the 2020 crisis.
— First Squawk (@FirstSquawk) January 22, 2026
Challenger report confirms:
- 1,206,374 layoffs in 2025
- Up 58% from 2024
- Highest annual total since 2020
https://www.cmegroup.com/education/events/econoday/2026/01/feed636507.html