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Planned Layoffs Spike 17% in April Do to M&A Activity

“Global outplacement firm Challenger, Gray and Christmas says planned layoffs surged in April.

The firm’s monthly survey of businesses found that employers announced more than 40,000 job cuts, 17 percent more than in March. And it’s up six percent from April a year ago.

John Challenger, CEO of the outplacement company, blames an increase in mergers and acquisitions. 

He notes that “companies don’t need two corporate headquarters” when they combine resources…..”

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