(CNBC) Companies announced nearly 90,000 layoffs in March, a sharp step up from the previous month and a giant acceleration from a year ago. Planned layoffs totaled 89,703 for the period, an increase of 15% from February. Year to date, job cuts have soared to 270,416, an increase of 396% from the same period a year ago.
Layoffs are up nearly fivefold so far this year with tech companies leading the way
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