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.

Write to Ben Fox Rubin at

  (END) Dow Jones Newswires
  05-01-14 0808ET
  Copyright (c) 2014 Dow Jones & Company, Inc.