Job Cuts Rise 17% In April
by The Daily Lede
Job cut announcements by U.S.-based companies rose 17% in April from March, as employers in retail and financial services continued to shed workers, according to outplacement firm Challenger, Gray & Christmas.
Employers reported plans to shed 40,298 workers last month, according to Challenger’s monthly report. That was up from 34,399 in March and 6% higher from 38,121 job cuts recorded in April 2013.
Since the start of 2014, Challenger has tracked 161,639 announced job cuts, 12% fewer than the 183,162 planned layoffs in the first four months of 2013, due to lower cuts announced in both February and March.
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(END) Dow Jones Newswires 05-01-14 0808ET Copyright (c) 2014 Dow Jones & Company, Inc.