Monday, 2 February, 2026
US Job Market Hit by Surging Layoffs as 2026 Begins
The US labor market is facing a turbulent start to 2026, with an unprecedented wave of layoffs sweeping across the technology, finance, and manufacturing sectors. Driven by aggressive AI integration and a shift toward leaner operational models, companies are drastically reducing headcounts to manage rising costs. This trend highlights a significant cooling in the once-resilient job market, leaving workers and policymakers concerned.
Read full story at Economic Times