Job cuts last month higher than any February since 2009

(The Hill) -- U.S.-based employers cut more jobs last month than in any February in 16 years, according to a new report from outplacement firm Challenger, Gray and Christmas.This year, employers announced 172,017 job cuts — the most the shortest month has seen since 2009, when 186,350 jobs were cut. The total job cuts for February this year are more than double the 84,638 cuts announced in February 2024.Last month also saw the most job losses of any month since July 2020, when 262,649 jobs