US Job Cuts Tumble in June 2024, Led by Consumer Manufacturing; Second-Highest Hiring of the Year

From challengergray.com

U.S.-based employers announced 48,786 cuts in June, down 23.6% from the 63,816 cuts announced one month prior. It is 19.8% higher than the 40,709 cuts announced in the same month in 2023, according to a report released Wednesday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. June’s total marks the third time this year job cut announcements are higher than the corresponding month one year prior. So far this year, companies have announced plans to cut 434,645 jobs, down 5.1% from the 458,209 announced in the first half of 2023. In the second quarter, 177,391 cuts ... (full story)