Wall St Engine(@wallstengine):U.S. 🇺🇸 JOB CUTS HIT 4-YEAR LOW YTD U.S. employers announced 529,914 job cuts through August, down 41% YoY and the lowest YTD total since 2022, per Challenger. August cuts: 52,881, +58% MoM but -38% YoY. Hiring plans through August rose 37% YoY to the highest since 2023, though Challenger says those openings don’t appear to be getting filled quickly. Tech still leads cuts YTD with 155,126 layoffs, up 52% YoY, while transportation cuts are up 271%. Restructuring was the top reason for August cuts, replacing AI for the first time since February. AI still leads YTD.

2026.09.03 10:34

U.S. 🇺🇸 JOB CUTS HIT 4-YEAR LOW YTD U.S. employers announced 529,914 job cuts through August, down 41% YoY and the lowest YTD total since 2022, per Challenger. August cuts: 52,881, +58% MoM but -38% YoY. Hiring plans through August rose 37% YoY to the highest since 2023, though Challenger says those openings don’t appear to be getting filled quickly. Tech still leads cuts YTD with 155,126 layoffs, up 52% YoY, while transportation cuts are up 271%. Restructuring was the top reason for August cuts, replacing AI for the first time since February. AI still leads YTD.