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