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Challenger Job Cuts: 38% Due To Oil Prices

From challengergray.com

Planned job cuts declined slightly in February, as US-based employers announced workforce reductions totaling 50,579, five percent fewer than the 53,041 in January, according to the report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The February total was up 21 percent from a year ago, when employers announced 41,835 job cuts during the month. This marks the third consecutive monthly job-cut total that exceeded the comparable year-ago figure. Employers announced 103,620 planned layoffs through the first two months of 2015, which is up 19 percent from the ... (full story)

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