2010 Lowest Job-Cut Year Since 1997
DECEMBER JOB CUTS DROP 34%;
LOWEST MONTHLY TOTAL SINCE 2000
After reaching a seven-year high in 2009, downsizing activity in 2010 fell to its lowest level since 1997, as employers announced plans to eliminate 529,973 positions. The year came to a close with the lowest monthly job-cut total since 2000.
Planned layoffs totaled 32,004 in December, down 34 percent from 48,711 in November, according to the 2010 year-end job-cut report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc. December job cuts were 29 percent lower than the same month a year ago when 45,094 cuts were announced.