Surge in Job Cuts in January: MacroEdge Report Highlights Significant Layoffs in Logistics, Tech, and Banking Sectors

SHERIDAN, WY, February 02, 2024 /24-7PressRelease/ — MacroEdge, a leading data and market research firm, today released its latest Job Cuts Tracker, revealing a significant surge in job cuts across various sectors from December to January. The showed a substantial increase from 32,719 job cuts in December to 103,470 in January.

This sharp rise is particularly pronounced in the logistics sector, with major players like UPS announcing layoffs affecting 12,000 employees. This trend underscores a troubling wave of job reductions, impacting a broad spectrum of high-paying roles and levels.

The data further highlights that the majority of these layoffs are concentrated in three key sectors: logistics, technology, and banking (financial sector). These sectors, traditionally seen as growth drivers, are now facing challenges leading to significant workforce reductions.

MacroEdge’s Job Cuts Tracker serves as a crucial tool for businesses, policymakers, and job seekers alike, providing valuable insights into the evolving job market. The firm is committed to delivering accurate and timely data to help stakeholders navigate these challenging times.

For more information and detailed insights from the Job Cuts Tracker, please visit

MacroEdge is a premier analytics and market trends firm, specializing in providing critical business insights and market intelligence. With a focus on accuracy and foresight, MacroEdge enables clients to stay ahead in rapidly changing markets.

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MacroEdge Research
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