Planned Job Cuts Fall 11% in March, Still Up 30% Yoy

“The number of planned layoffs at U.S. firms fell in March but downsizing by retail companies still helped the first quarter rack up the largest amount of cuts in over a year, a report showed on Thursday.

Employers announced 49,255 planned job cuts last month, down 11 percent from 55,356 in February, according to the report from consultants Challenger, Gray & Christmas.

But March’s layoffs were still up 30 percent from the same time a year ago, the fourth time in the last six months that monthly job cuts have been higher than the year before….”

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