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January hiring was the lowest for the month on record as layoffs surged

January hiring was the lowest for the month on record as layoffs surged

A UPS driver makes a delivery on January 30, 2024 in Miami Beach, Florida. 

Joe Raedle | Getty Images

Companies announced the highest level of job cuts in January since early 2023, a potential trouble spot for a labor market that will be in sharp focus this year, according to a report Thursday from Challenger, Gray & Christmas.

The job outplacement firm said planned layoffs totaled 82,307 for the month, a jump of 136% from December though still…


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