U.S. employers planned to cut payrolls by 41,835 in February, down 7.3 percent from January's 45,107 planned layoffs, according to a report by Challenger, Gray & Christmas. The February cuts compared with 55,356 planned cuts in the year-earlier month, down 24 percent.
The financial sector had the greatest number of planned layoffs, cutting 9,791 jobs, or double the 4,817 cuts reported for January.
The February numbers followed a 13-year low in planned cuts that were reported in December, the outplacement firm said.
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