Layoff announcements by U.S. companies plummeted in February, while hiring intentions rebounded, new employment data released on March 5 show.
Planned job cuts totaled 48,307 last month, down 55 percent from January’s reading of 108,435, according to global outplacement firm Challenger, Gray and Christmas. This is also down 72 percent from the same time a year ago, when businesses announced more than 172,000 cuts.
