Job Cut Report

CNBC: Year-to-date job cut plans lowest since 1997

Original Article

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.

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