US Hiring Outlook Remains Resilient As Layoffs Drop To Two-Year Low – Arise News

Outplacement firm Challenger, Gray & Christmas reported that US employers announced plans to cut 33,429 jobs in July. This represents a 27% decline from June and the lowest monthly total in two years. The firm said workforce reductions remain concentrated in the technology sector. Companies are restructuring around AI investments.

The July total of 33,429 announced cuts is down from the previous month's figure. The article does not specify the exact June number. The technology sector continues to account for a concentrated share of the layoffs. The restructuring is attributed to companies' investments in AI.

The article characterizes the US hiring outlook as resilient, citing the two-year low in announced layoffs. The data comes from Challenger, Gray & Christmas, a firm that tracks job-cut announcements.