Job cuts announced by US employers quintupled in February from a year earlier and were the largest at the start of any year since 2009, according to Challenger, Gray & Christmas Inc.
Last month, 77,770 job cuts were announced, up from 15,245 in February 2022, the same source said.
That brought the two-month total to 180,713 jobs, the most for any January-February period since 2009, the outplacement firm pointed out Thursday.
Layoffs remain much lower overall than they were throughout 2020 when the COVID-19 pandemic struck.
Tech companies have accounted for about a third of the announced layoffs so far this year, according to Challenger’s tally.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.