The Housing Chronicles Blog: October planned job cuts up sharply due to Verizon buyouts

Thursday, November 1, 2018

October planned job cuts up sharply due to Verizon buyouts

U.S.-based employers announced plans to cut 75,644 jobs from their payrolls in October, up 36.8 percent from September and 153.6 percent higher year-on-year, although 58.2 percent of these cuts were for a single employer, Verizon. October job cuts are the highest since July 2015, when 105,696 cuts were announced, but YTD job cuts are still up just 5.5 percent from 2017.

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