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Challenger, Gray, & Christmas: Planned Layoffs Fall 41% After Hitting 15 Month Highs

“After climbing to a 15-month high in May, planned job cuts announced by U.S. companies in June dropped 41 percent to 31,434, the lowest level of the year, according to a report released Thursday by Challenger, Gray & Christmas. So far, the pace of job cuts is down 5 percent from a year ago.

June job cuts were 20 percent lower than the same month a year ago, when employers announced 39,372 job cuts.

The June number was down sharply from May, with 52,961 planned layoffs announced—the largest monthly total since February 2013.

n the second quarter, a total of 124,693 job cuts were announced, up 3 percent from the 121,341 job cuts announced in the first quarter. Second-quarter job cuts also were up 9.5 percent from the same period last year, when 113,891 planned layoffs were announced…..”

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