Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession

A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. In January, US companies cut 1,02,943 jobs, while 77,770 staff cuts were made in February. Among them, technology companies cut 21,387 jobs in February, accounting for 28% of all cuts.

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