52,961 May Job Cuts, Mostly From HP Announcement

Job cuts climbed to the highest level in more than a year, as US-based employers announced plans to reduce payrolls by 52,961 in May, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

May job cuts were up 31 percent from 40,298 announced layoffs in April.  It was the second consecutive increase in monthly job cuts and the largest one-month total since February 2013, when 55,356 job cuts were recorded.

Last month’s total was 46 percent higher than the 36,398 job cuts announced in May 2013.

Read the full report here.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s