40,010 Job Cuts in August, Again Led by Tech Sector

 

Planned job cuts announced by US-based employers totaled 40,010 in August, a 15 percent decline from the 46,887 planned layoffs reported in July, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The August total was 21 percent lower than the same month a year ago, when 50,462 job cuts were announced.  This marks just the fourth time this year that the monthly total was lower than the comparable period a year ago.

Get the full report here.

 

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