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Challenger June Job Cuts Highest Midyear Total in 5 Years

From challengergray.com

Job cuts increased by about 10 percent in June, as employers announced plans to reduce payrolls by 44,842 workers during the month. Meanwhile, heavier-than-expected downsizing throughout the first half of 2015 pushed the midyear total to its highest level since 2010, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc. June job cuts were 9.3 percent higher than the 41,034 planned layoffs announced in May. They were 43 percent higher than June 2014, when job cuts totaled just 31,434. This marks the fifth year-over-year increase in job cuts in the first six ... (full story)

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