Job Cuts Fall to 11-Month Low in July, Tech Hit Hardest: Report

Yahoo! Finance


For the first six, seven months of this year, we’ve seen really dramatic cuts, especially compared to the year prior where we were still in the depths of a real labor shortage. Where we’re primarily seeing the cuts is in tech, health care, real estate, finance, tend to be higher-paying white collar jobs.

-Andy Challenger, jobs expert

Yahoo! Finance Graphic: Announce Job Cuts with Challenger data


Challenger was recently quoted in a WSJ article regarding the ways in which employers are finding ways to cut jobs without having to do layoffs.