Challenger, Gray, & Christmas Say Planned Job Cuts Rise 37%, Second Month of Upticks

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“FOR RELEASE AT 7:30 A.M.ET,MARCH 7, 2013
Job Cuts Up Second Month in a Row
FEBRUARY CUTS RISE 37% TO 55,356
CHICAGO, March 7, 2013 –Planned job cuts increased for the
second consecutive month in February as U.S.-based employers announced
workforce reductions totaling 55,356, up 37 percent from 40,430 in January,
according to the report released Thursday by global outplacement
consultancy Challenger, Gray & Christmas, Inc.
The February total was 7.0 percent higher than the 51,728 job cuts
announced the same month a year ago. It was the highest monthly tally
since last November, when announced layoffs reached 57,081.
Employers have now announced 95,786 job cuts so far in 2013. That
is 9.0 percent fewer than the 105,214 job cuts through the first two months
of 2012.”