February Layoffs Hit Record High Since 2009, Tech and Finance Sectors Lead the Pack Layoff announcements in February soared to their highest level for the month since the 2009 global financial crisis, as reported by Challenger, Gray & Christmas. The month witnessed 84,638 planned layoffs, marking a 3% increase from January and a 9% rise from February of the previous year. The technology and finance sectors were particularly hit hard. This spike in layoffs represents the most challenging February since 2009, during which 186,350 layoffs were announced as the financial crisis was nearing its end. Interestingly, the financial markets found their footing in March 2009, leading to the longest period of economic expansion, which lasted until the onset of the Covid pandemic in March 2020. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold to Hit $2200 in 2024, Wells Fargo Joins Bullish Forecast READ MORE Gold Breaks Election Year Norms Amid Heightened Global Tensions READ MORE Dimon Highlights Commercial Real Estate's Recession-Contingent Future READ MORE World Bank Forecasts Bleak Economic Outlook: Worst Growth in 30 Years READ MORE Inflation Cools, But Debt Troubles Persist for Lower-Income Americans READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment