Job Cuts Surge 61% According to ‘Challenger’
(CNNMoney.com) — Job cuts accelerated in March, driven by planned reductions on government payrolls, a report released Thursday showed.
Employers announced plans to cut 67,611 jobs in March, according to outplacement firm Challenger, Gray & Christmas Inc. That’s up 61% from February, when 42,090 jobs were lost, the lowest level in nearly four years.
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