US Layoffs Hit Highest February Total Since 2009 Amid Tech Industry Cuts
- U.S. layoff announcements rose 3% in February to 84,638, the highest level since March 2022
- Job cuts reached the highest total for February since 2009
- Technology sector saw some of the biggest cuts, along with transportation and services
- Restructuring efforts and closures were frequently cited reasons for layoffs
- Firms may be masking AI-related cuts by framing them as "technological updates"
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