Planned Job Cuts Are Highest in 17 Months
From Bloomberg News
The number of job cuts announced by U.S. employers in June rose to the highest monthly level since January 2004, according to a survey by outplacement firm Challenger, Gray & Christmas Inc.
The 110,996 job cuts announced last month were 73% more than in the same month a year earlier and represented a 35% increase from May’s total.
The firm’s data are not adjusted for seasonal variations.
