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Job Cuts Jump in November 2023 From October; Second Time This Year Cuts Lower Than Same Month Year Ago
U.S.-based employers announced 45,510 cuts in November, a 24% increase from the 36,836 cuts announced one month prior. It is 41% lower than the 76,835 cuts announced in the same month in 2022, and marks the first time cuts were lower than the corresponding month a year ago since July, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. So far this year, companies have announced plans to cut 686,860 jobs, a 115% increase from the 320,173 cuts announced in the same period last year. It is the highest January-November total ... (full story)