Job Cut Report
U.S.-based employers announced 32,423 job cuts in the last month of the year, bringing the year-end total to 418,770. That is the lowest annual total since 1990*, when 316,047 cuts were recorded, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
U.S.-based employers announced 35,038 job cuts in November, up 30 percent from the same month last year, when 26,936 job cuts were announced. Employers have announced 17 percent more cuts than in October 2017, when 29,831 cuts were announced, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
Companies announced plans to cut 29,831 jobs in October, a decline of 3 percent from last year, a private survey reported Thursday.
From January to October, employers announced just over 351,000 layoffs, the lowest total for that period since 1997, outplacement firm Challenger, Gray and Christmas said. October's total represents a 7.8 percent decline in layoff announcements from September.