U.S. employers announced 18 percent fewer layoffs in February 2016 after January’s six-month high, according to the monthly job cuts report by global outplacement consultancy Challenger, Gray & Christmas.
The Chicago-based firm reported that employers downsized 61,599 jobs during the month, down from 75,114 in January.
The February 2016 total was up 22 percent from a year ago, however, and layoffs have totaled 136,713 through the first two months of 2016, up 32 percent from the same period in 2015, when employers announced layoffs totaling 103,620 in January and February.
