Yonhap Infomax NewsUS companies announced 48,307 planned job cuts in February, down 55% from January and 72% year-over-year, with technology sector cuts up 51% and transportation sector layoffs surging 872% amid Iran conflict concerns, according to Challenger, Gray & Christmas report.
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US February Job Cut Plans Fall 55% MoM, Down 72% YoY
US companies announced 48,307 planned job cuts in February, down 55% from January and 72% year-over-year, with technology sector cuts up 51% and transportation sector layoffs surging 872% amid Iran conflict concerns, according to Challenger, Gray & Christmas report.