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DeepNewz, mobile.
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In March, U.S.-based employers announced 90,309 job cuts, marking a 7% increase from February and the highest total since January 2023, according to Challenger Gray. The layoffs, reaching a 14-month high, were predominantly led by the technology and government sectors. Despite this uptick, job cuts announced year to date have decreased by 5% compared to the same period last year. The first quarter of the year saw a 4.9% decrease in job cuts compared to Q1 2023 but a significant increase of 120% from Q4 2023.
Total number of job cut announcements rose in March to highest since January 2023 https://t.co/5brvXYs1t7
US employers announced 90.3k job cuts in March, the most since January 2023. Total cuts announced in Q1 were down 4.9% from Q1 2023 but up 120% from Q4 2023. @KoyfinCharts https://t.co/1CsQ99cj2k
U.S. layoff announcements rose 7% in March to the highest since January 2023, led by technology and government-sector job eliminations, though cuts announced year to date are down 5% from a year ago, per Reuters.
