Layoff Announcements Drop 55% to 48,307, UPS Among Major Cutters
Total U.S. layoff announcements slid to 48,307 in February from 108,435 in January, marking a 55% decrease with transportation job cuts among the largest declines. UPS was cited among major employers implementing significant staff reductions early in 2026, contributing to the overall slowdown in announced cuts.
1. February Layoff Decline
February saw U.S. layoff plans fall to 48,307 from 108,435 in January, representing a 55% drop. Transportation sector cuts drove much of the decline as employers across tech and logistics scaled back announced reductions.
2. UPS Staff Reductions
UPS was highlighted as one of the major firms enacting significant staff cuts in early 2026 as part of broader cost-control measures. Further headcount adjustments at UPS may occur in Q2 if expense pressures and geopolitical risks remain elevated.