SUBSCRIBE TO OUR FREE NEWSLETTER
Daily news & progressive opinion—funded by the people, not the corporations—delivered straight to your inbox.
5
#000000
#FFFFFF
5
#000000
#FFFFFF
ups
'So Much for the Golden Age of America': Layoffs Hit 17-Year High Under Trump
The latest job cuts report signals "employers are less-than-optimistic about the outlook for 2026," said one analyst.
Feb 05, 2026
While President Donald Trump continues to falsely claim that the US economy is the hottest in the world, new data released Thursday shows that announced layoffs in January hit a high not seen since the Great Recession of 2009.
The new report by corporate outplacement firm Challenger, Gray & Christmas shows that that US employers announced more than 108,000 job cuts last month, more than double the nearly 50,000 job cuts that they announced one year before.
In fact, the announced job cuts were higher than any January since 2009, when the economy was in the middle of a global financial crisis.
Andy Challenger, chief revenue officer for Challenger, Gray & Christmas, said that the January 2026 job cuts were "a high number" and a signal that "employers are less-than-optimistic about the outlook for 2026."
The biggest cuts on the month came from UPS, which announced that it would be slashing 30,000 jobs, and Amazon, which announced workforce reductions of 16,000 jobs.
"So much for the 'Golden Age of America'," said Rep. Mark Pocan (D-Wis.), as he noted layoffs surging to the highest levels in 17 years.
The healthcare industry, which has been a rare bright spot in terms of job growth in recent months, announced more than 17,000 jobs cuts in January, the highest number in that sector since April 2020 when the US was in the midst of the Covid-19 pandemic.
The report also showed that artificial intelligence was only responsible for 7% of layoffs announced last month, although Challenger acknowledged that it's "difficult to say how big an impact AI is having on layoffs specifically."
Additionally, the report found that US employers had announced just over 5,300 hiring plans in January, which it noted was "the lowest total for the month since Challenger began tracking hiring plans in 2009."
Sara Nelson, president of the Association of Flight Attendants-CWA, pointed to "the worst job numbers since the Great Recession" in a social media post. The union leader noted that the 5,300 hiring plans were "the lowest one record since the early 2000s," while adding that "layoffs are up over 100% since last January, and over 300% since January of 2024."
Mohamed El-Erian, economist at the University of Pennsylvania's Wharton School, described the Challenger report as "sobering," and pointed to a potentially ominous trend regarding wealth inequality in the US.
"These layoffs are occurring while GDP continues to grow at approximately 4%," he observed in a social media post, "accelerating the decoupling of employment from economic growth—a phenomenon that, if it persists, has profound economic, political, and social implications."
Melanie D'Arrigo, executive director of the Campaign for New York Health, said that the job cuts were yet more evidence that Trump and Republicans' economic policies were a failure.
"'If you give more tax cuts to corporations, those corporations will create more jobs,' is the lie politicians who are funded by corporations tell people to justify giving their corporate donors more tax cuts," she wrote. "Trump’s corporate and billionaire tax cuts create profits—not jobs."
Laura Ullrich, director of economic research in North America at the Indeed Hiring Lab, said during an interview with ABC News published on Tuesday that workers in the current economy are "hugging onto [their current job] more than they normally would" because so few companies are taking on new staff.
Keep ReadingShow Less
From Amazon to Home Depot and Beyond, Mass Layoffs Continue to Punish Working Class Under Trump
"When taking into account predicted downward revisions, the data says we’re losing jobs," said one economic analyst.
Jan 29, 2026
Although President Donald Trump has given himself glowing marks for his economic record, the US job market has continued showing signs of weakness amid recent layoffs from some major employers.
The Associated Press on Thursday published a roundup of corporate layoffs that have been announced in recent months, highlighted by Amazon, which announced it was cutting an additional 16,000 jobs on Wednesday; United Parcel Service, which on Tuesday revealed plans to slash 30,000 jobs; and chemical maker Dow, which on Thursday said it would be reducing its workforce by 3,000.
And as reported by CNBC, retailer Home Depot announced on Wednesday that it was eliminating 800 positions as it struggles with slower sales that company executives blame on a dampened housing market caused by high interest rates.
The latest layoffs are not merely anecdotal data, but symbolic of a labor market that has been stuck in a rut for several months. As noted by economic analyst Steve Rattner in a Thursday social media post, average monthly employment growth has been "slightly above zero" ever since Trump first announced his market-shaking tariffs in April.
"When taking into account predicted downward revisions," Rattner added, "the data says we’re losing jobs."
This week's announced Amazon layoffs drew the ire of Americans for Tax Fairness, which pointed out that the Jeff Bezos-founded online retail giant has been the beneficiary of several big-ticket tax breaks for more the last several years.
"We've given Amazon $9.5 BILLION in tax breaks over the last 7 years," the group explained. "And for what? Their CEO made $263 million from 2018-2024. Since 2013, they've spent $857 million on stock buybacks and $161 million on lobbying. And they just announced they're laying off 16,000 workers."
The Washington Post, which is owned by Bezos, is reportedly bracing for layoffs of its own.
A Thursday report from Semafor revealed that the Post's White House reporters wrote a letter to Bezos imploring him to back off a plan to make substantial cuts throughout the paper's staff.
"The effort from the Washington Post’s White House reporters comes as staffers are scrambling to preserve their jobs, with layoffs set to hit the newsroom hard in the coming weeks," Semafor reported. "Unconfirmed rumors have circulated in recent days about the scope of the cuts, which are expected to be as high as 300."
Keep ReadingShow Less
UPS Cargo Plane Crash at Louisville Airport Sparks Massive Fire
Police announced a shelter-in-place order for "all areas north of the airport to the Ohio River."
Nov 04, 2025
This is a developing story… Please check back for updates…
Aerial footage showed plumes of black smoke and flames around the Louisville Muhammad Ali International Airport in Kentucky after a UPS plane crashed during its departure on Tuesday evening.
The Federal Aviation Administration said on social media that UPS Flight 2976—a McDonnell Douglas MD-11 bound for Daniel K. Inouye International Airport in Honolulu, Hawaii—crashed around 5:15 pm local time. The agency added that the FAA and National Transportation Safety Board will investigate, with the NTSB providing all updates.
The Louisville Metro Police Department confirmed that the LMPD and multiple other agencies were responding to the scene, where there are "injuries reported."
LMPD initially announced a shelter-in-place order "for all locations within five miles of the airport," which was then expanded to "all areas north of the airport to the Ohio River."
The airport—which confirmed that "the airfield is closed" after the crash—is the UPS global hub. The shipping giant said in a statement that there were three crewmembers onboard and "at this time, we have not confirmed any injuries/casualties."
"UPS will release more facts as they become available, but the National Transportation Safety Board is in charge of the investigation and will be the primary source of information about the official investigation," the company added.
As CNN reported Tuesday:
The McDonnell Douglas MD-11F is a freight transport aircraft manufactured originally by McDonnell Douglas and later by Boeing. The aircraft is primarily flown by FedEx Express, Lufthansa Cargo, and UPS Airlines for cargo.
The plane also served as a popular wide-bodied passenger airplane after it was first flown in 1990. The aircraft involved in Tuesday's crash was built in 1991.
As fuel costs increased for the three engine jets many of them were converted to freighters. The plane can take off weighing in at a maximum 633,000 pounds and carrying more than 38,000 gallons of fuel, according to Boeing, which bought McDonnell Douglass.
The International Brotherhood of Teamsters said that it "is monitoring this developing tragic event on the ground," and "as this horrific scene is being investigated, prayers on behalf of our entire international union are with those killed, injured, and affected, including their families, co-workers, and loved ones."
Louisville Mayor Craig Greenberg said that he and his wife, Rachel, "are praying for victims of the UPS plane that crashed."
"We have every emergency agency responding to the scene," the Democrat added. "There are multiple injuries and the fire is still burning. There are many road closures in the area—please avoid the scene."
Democratic Kentucky Gov. Andy Beshear, who is headed to Louisville for a briefing with the mayor, said, "Please pray for the pilots, crew, and everyone affected."
Republican President Donald Trump's transportation secretary, Sean Duffy, similarly said, "Please join me in prayer for the Louisville community and flight crew impacted by this horrific crash."
During a press conference earlier on Tuesday, Duffy had warned of "mass chaos" if the ongoing government shutdown continues, saying: "You will see mass flight delays. You'll see mass cancellations, and you may see us close certain parts of the airspace, because we just cannot manage it because we don't have the air traffic controllers."
Keep ReadingShow Less
Most Popular