Planned job cuts announced by U.S.-based companies fell 57% to 34,531 in February from 79,552 in January. It was the lowest monthly total since December 2019, when 32,843 job cuts were announced, according to a report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
Last month’s total is 39% lower than the 56,660 cuts announced in the same month last year. Through February, employers have announced 114,083 job cuts, 8% lower than the 124,395 announced through the first two months of 2020.
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