US Layoff Announcements in 2024 Exceed 1.1 Million, Highest Since 2020

Data from Challenger, Gray & Christmas shows layoffs reaching their highest level since the pandemic year, underscoring ongoing employment challenges.

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Terms & Concepts
  • Layoff Announcement: A formal notification by a company stating its intention to terminate employment for certain employees.
  • Challenger, Gray & Christmas: A U.S.-based outplacement and executive coaching firm known for tracking job cuts and labor market trends.