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Job Cuts Surge 46% In September 2022, Up 68% From Same Month Last Year; September Hiring Intentions Fall To Lowest Level Since 2011
U.S.-based employers announced 29,989 cuts in September, a 46.4% increase from the 20,485 cuts announced in August. It is 67.6% higher than the 17,898 cuts announced in the same month last year, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. September marks the fifth time this year that cuts were higher in 2022 than in the corresponding month a year earlier. In the third quarter, employers announced 76,284 job cuts, down 1.6% from the 77,515 cuts announced in the previous quarter. It is up 45.1% from the third quarter of 2021 ... (full story)
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