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2024 Hiring Plans Hit Nine-Year Low Amid Layoffs

1/10/2025

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Summary

Story summary

U.S. employers revealed 769,953 hiring plans for 2024, marking a nine-year low in job growth.
Layoffs rose by 5.5% to 761,358, predominantly affecting technology, retail, healthcare, and financial sectors.
Despite these challenges, 84% of hiring managers express optimism, citing increased workloads and turnover.
Companies focus on expansion, adapting to AI and cybersecurity, and filling emerging roles.

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Story summary

U.S. employers revealed 769,953 hiring plans for 2024, marking a nine-year low in job growth.
Layoffs rose by 5.5% to 761,358, predominantly affecting technology, retail, healthcare, and financial sectors.
Despite these challenges, 84% of hiring managers express optimism, citing increased workloads and turnover.
Companies focus on expansion, adapting to AI and cybersecurity, and filling emerging roles.