Challenger Job Report - September 2020 Job Cut Total is 186% Higher Than September 2019

Job cuts announced by U.S.-based employers jumped to 118,804 in September, up 2.6% from August’s total of 115,762, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

September’s total is 186% higher than the 41,557 job cuts announced in September 2019.