PINK SLIPS ARE ON RISE
Job cuts announced by US employers soared last month, led by reductions at airlines and financial firms, according to a report by a private placement firm.
Firing announcements increased to 103,312, up 141 percent from 42,897 in July 2007, Chicago-based Challenger, Gray & Christmas said in a statement yesterday.
That's the biggest year-over-year percentage increase since November 2001, at the end of the last official recession. Companies have announced a total of 579,260 cuts so far this year, up 33 percent from the first seven months of 2007, according to the report.
Firing announcements increased to 103,312, up 141 percent from 42,897 in July 2007, Chicago-based Challenger, Gray & Christmas said in a statement yesterday.
That's the biggest year-over-year percentage increase since November 2001, at the end of the last official recession. Companies have announced a total of 579,260 cuts so far this year, up 33 percent from the first seven months of 2007, according to the report.
Labels: Challenger Job-Cut Report, layoffs
<< Home