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2017 Year-End Job Cut Report: Lowest Annual Total Since 1990
U.S.-based employers announced 32,423 job cuts in the last month of the year, bringing the year-end total to 418,770. That is the lowest annual total since 1990*, when 316,047 cuts were recorded, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. “The retail pivot that caused thousands of store closures and job cuts was not seen in any other industry this year,” said John Challenger, Chief Executive Officer of Challenger, Gray & Christmas, Inc. “While companies in the Pharmaceutical, Health Care, Construction, and Food industries did announce more job ... (full story)