Job cuts drop in February
CNN/Money reports: “Job cut announcements fall in February”
Job cuts planned by big corporations fell 34 percent last month from January but businesses remain cautious about hiring, an outplacement firm reported Tuesday.
U.S. businesses announced 77,250 job cuts in February, down from 117,556 in January, according to Chicago-based Challenger, Gray & Christmas, which keeps track of monthly job-cut announcements.
This was about 44 percent below February 2003.
