U.S. layoffs rise 3% to highest level in 11 months

CHICAGO, Illinois: A report released by outplacement firm Challenger, Gray & Christmas showed that in February, U.S. layoff announcements rose three percent to the highest level in 11 months amid ongoing automation-related restructuring.

The report said that in February, job cut announcements reached 84,638, the highest since last March and compared with 82,307 in January.

It was also the highest total for