U.S., Canadian companies kick off 2024 with layoffs ...Middle East

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U.S., Canadian companies kick off 2024 with layoffs
source : canadian news today ( Middle East ) () 15
Companies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signalling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs. While job cut announcements in the United States more than doubled month-on-month to 82,307 in January, they were down 20 per cent from a year earlier, according to a report by outplacement firm Challenger, Gray & Christmas earlier in February. The technology sector, which accounted for the highest number of layoffs in 2023, has seen 34,000 job cuts in 141 firms so far this year, according to tracking website Layoffs.fyi. Here is a snapshot of job cuts announced so far in 2024

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