Layoffs rise to the highest for any February since 2009, Challenger says


More than 75 employers were taking resumes and talking to prospective new hires at a career fair in Lake Forest, CA on Wednesday, February 21, 2024. 

Paul Bersebach | Medianews Group | Orange County Register | Getty Images

Layoff announcements in February hit their highest level for the month since the global financial crisis, according to outplacement firm Challenger, Gray & Christmas.

The total of 84,638 planned cuts showed an increase of 3% from January and 9% from the same month a year ago, with technology and finance companies at the forefront.

From a historical perspective, this was the worst February since 2009, which saw 186,350 announcements as the worst of the financial crisis was…


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