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The pace of downsizing declined slightly in the second month of the new year, as U.S.-based employers announced plans to cut payrolls by 41,835 in February. The February total was 7.3 percent lower than the 45,107 job cuts employers announced to kick off 2014, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.
February job cuts were down 24 percent from the same month a year ago, when 55,356 planned layoffs were recorded. It was, in fact, the lowest February total since 35,415 job cuts were announced in 2000.
The percentage of job seekers relocating for new positions climbed to its highest level since 2009, as rising home values and the improving job market made it easier to pull up stakes. Increased mobility among job seekers could help accelerate the recovery and provide relief to some employers struggling to find local talent, according to global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc., which released the report on relocation Thursday.
The percentage of former managers and executives starting their own business rose in 2013 to its highest level since the end of the recession, according to a new survey. The increase in entrepreneurial activity among displaced professionals belies recent trends in the wider labor force where the number of self-employed Americans declined last year.
Turnover among the nation’s chief executive officers surged 32.3 percent in January to its highest level in nearly four years. A total of 131 CEOs left their posts during the month, up from 99 in December, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241 planned layoffs were announced in June 2000. January job cuts were up 12 percent from the same month a year ago, when 40,430 job cuts were recorded.
After climbing to a three-year high in 2012, planned job cuts announced by firms in the technology sector declined by 32 percent in 2013 as employers focused on hiring in several growing areas, including big data, cloud computing and security, according to a semi-annual report on tech layoffs released Monday by global outplacement firm Challenger, Gray & Christmas, Inc.
Data Breaches Could Create Jobs Recent large-scale data breaches at retailers such as Target, Neiman Marcus, and Michaels have made waves recently as thousands of consumers scramble to recover or track their credit. The events may have an unexpected outcome, however, as more companies begin to hire experts to ensure data protection, according to workplace authority John Challenger. “IT-professionals, consultants, or lawyers versed in data privacy and protection may see an influx of opportunities as companies protect against this kind of theft. Regulations such as HIPPA have standards in place for some industries, but wide-scale, comprehensive data protection laws do not exist yet. Despite this, data theft at Target and other retailers in recent months have shown companies that they must be prepared for this sort of attack,” said Challenger. Technology is listed by many to be the top industry in 2014 with expected growth of 23 percent. Information security analysts will most likely see increased growth, according to US News & World’s rankings. “While data theft is a terrible threat, the silver-lining may be more job opportunities for our nation’s unemployed.” What other jobs might be created in the coming years? What industries will see increased job growth?
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