Thursday, June 1, 2017

Planned job cuts rose sharply in May, but still down 28 percent YTD from 2016

The number of workforce reductions announced by US-based employers rose sharply in May, as planned job cuts totaled 51,692 for the month, although nearly 40 percent of those job cuts were announced by Ford Motor Company.

Employers have announced a total of 214,495 job cuts so far this year, down 28 percent year-on-year.

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