January layoffs highest since Great Recession: analyst

Layoffs hit their highest total last month since the Great Recession nearly two decades ago, according to a new analysis, and employers don't look to be adding jobs soon.

U.S. employers announced 108,435 layoffs for January, up 118 percent from the same period a year ago and 205 percent from December, according to outplacement firm Challenger, Gray & Christmas, and CNBC reported those were the highest totals for January since the depths of the global financial crisis in 2009.

“Generally...