US Dollar Holds Firm—Gains Reversed as Massive US Layoff Plans Weigh on Sentiment
The US dollar held steady after initial gains were erased by weak US labor data and falling Treasury yields, while the pound dropped on the Bank of England’s dovish hold.
US January Layoff Plans Surge 205% from Previous Month—Up 118% Year-on-Year
US companies announced 108,435 planned layoffs in January, a 205% surge from December and the highest January figure since 2009, led by cuts at UPS and Amazon amid economic uncertainty.
US Dollar Slides as Layoff Plans Hit 22-Year High, DXY Falls Below 100
The US dollar fell below 100 on the DXY as US companies’ October layoff plans surged to a 22-year high, fueling Fed rate cut expectations and driving broad currency market moves.
US Q3 Layoff Plans Reach 202,000—Highest Since Pandemic
US companies announced over 202,000 planned layoffs in Q3 2025, the highest since the pandemic, with annual cuts likely to surpass 1 million amid economic headwinds.
US February Layoff Plans Hit 172,000 - Highest Since Pandemic Due to Government Job Cuts
U.S. companies announce 172,017 job cuts in February, highest since pandemic, driven by federal workforce reductions and economic uncertainties
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