Job Cut Report
The shortest month of the year saw a decline in layoff announcements, as US-employers announced plans to cut 36,957 jobs in February, 19 percent fewer than the 45,934 cuts announced in January, according to the latest report from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
VP Andy Challenger is back to discuss our November Job Cut Report (very positive), why more companies are avoiding layoffs around the holidays (social media, perhaps?), and how Amazon is using tech to train workers fast, based on this WSJ report.
"Banks will still make smaller cuts in underperforming units or in areas where technology reduces the need for humans, Challenger said.