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Challenger Job Cuts October 2021 Report: 22,822 Cuts, 22% Due to Vaccine Refusal
Job cuts announced by U.S.-based employers rose 27.5% in October to 22,822 from the 17,895 announced in September. It is the highest monthly total since May, when 24,586 cuts were recorded, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. TABLE October’s total is 72% lower than the same month last year, when 80,666 cuts were announced. So far this year, employers have announced plans to cut 288,043 jobs from their payrolls, down 87% from the 2,162,928 jobs eliminated through the same period last year. It is the lowest ... (full story)