Layoffs hit their worst January levels since 2009, Challenger says

Reasoning: A sharp rise in announced layoffs to the highest January level since 2009 and a collapse in planned hires signal weaker labor demand and reduced corporate optimism, which is negative for growth-sensitive equities and consumer spending.

Reasoning: The report indicates the worst January for layoffs and hiring since 2009, signaling a significant weakening in the labor market and employer pessimism about the economic outlook for 2026, which challenges the 'soft landing' narrative.