2014 May Job Cuts: 52,961 Highest Monthly Total in 15 Months
Posted 2 hours 27 min
Job cuts climbed to the highest level in more than a year, as US-based employers announced plans to reduce payrolls by 52,961 in May, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.
May job cuts were up 31 percent from 40,298 announced layoffs in April. It was the second consecutive increase in monthly job cuts and the largest one-month total since February 2013, when 55,356 job cuts were recorded.
...
“Despite the May surge resulting from the latest H-P cuts, the overall pace of downsizing has slowed from year ago. While some industries, including computer, have seen an increase in job cuts, most of last year’s leading job-cut industries have experienced a decline. And, as we approach the midway point of the year, we do not expect a second-half surge in downsizing unless there is a sudden and severe shock to the economy,” said Challenger. -
 May14 Job Cuts Report.pdf
- See more at: challengergray.com |
