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US layoffs rose in March, but first quarter layoffs were the lowest for the same period since 2022

US layoffs rose in March, but first quarter layoffs were the lowest for the same period since 2022

金十金十2026/04/02 11:45
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According to Golden Ten Data on April 2, data released Thursday by employment services company Challenger, Gray & Christmas shows that U.S. employers announced 60,620 layoffs in March, a 25% increase from the previous month but a sharp 78% decrease year-on-year. Andy Challenger, the company's workplace expert and Chief Revenue Officer, stated: "Excluding last February and March’s wave of federal layoffs, the pace of layoffs in 2026 is basically consistent with that of 2025. Last year, layoffs were mainly concentrated in government, retail, and technology sectors; this year, they are focused on technology, transportation, and healthcare."

In the first quarter, companies announced a total of 217,362 layoffs, the lowest level for the same period since 2022, representing a 16% decrease month-on-month and a significant 56% drop year-on-year. In March, the technology sector announced 18,720 layoffs, totaling 52,050 so far this year — a 40% increase year-on-year and the highest level for the same period since 2023. The transportation sector has announced 32,241 layoffs this year, an explosive year-on-year surge of 703%, marking the highest quarterly level in history. The report points out that the transportation sector, including airlines and shipping, may continue to be affected by the ongoing war in Iran.

Among the reasons for layoffs in March, artificial intelligence ranked first (15,341 people, accounting for 25%), followed by company closures (13,931 people), restructuring (8,726 people), and market and economic factors (6,597 people).

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