Technology

Technology and automation could replace millions of jobs in the next decade, with a December estimate from the White House suggesting 3.1 million jobs could be replaced in transportation alone. Robotics spending is expected to hit over $135 billion by 2019, according to International Data Corporation. What could this mean for the job market?

Monthly job cuts increased to close out the third quarter, as employers announced plans to shed 44,324 workers from the payrolls in September, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Downsizing slowed in August, as US-based employers announced plans to cut their payrolls by 32,188, a 29 percent decline from the 45,346 cuts in July, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Turnover among the nation’s chief executives fell in May as 100 CEO departures were announced during the month. That was down 7 percent from 108 in April, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The pace of downsizing increased in April, as US-based employers announced workforce reductions totaling 65,141 during the month, according to the latest report released Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The April figure represents a 35 percent increase over March, when employers announced 48,207 planned layoffs. Last month’s job cuts were 5.8 percent higher than the 61,582 recorded in April 2015.

After reaching a five-year high in 2014, job cuts announced by employers in the U.S. technology sector declined 21 percent in 2015, according to a new analysis of layoff data by global outplacement firm Challenger, Gray & Christmas, Inc.