April 2020

2020 March Job Cut Report: 222,288 Cuts Announced in March, Most Since Jan 2009; COVID Claims 141,844

Job cuts announced by U.S.-based employers surged 292% from February’s total of 56,660 to 222,288 in March. March was the first month to report job cut announcements specifically due to the COVID-19 pandemic, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.