Computer Sector Leads Job Cuts for May 2012

Job cuts increase in the month of May, leaving the computer industry hurting the most.

In May, the nation’s employers announced plans to cut 61,887 workers from their payrolls, the most since last September when layoffs totaled 115,730, according to the latest job-cut report released Thursday by global outplacement firm Challenger, Gray & Christmas, Inc.

The May job-cut total was up 53 percent from the 40,559 planned layoffs announced in April.  It was 67 percent higher May 2011, when employers announced job cuts totaling 37,135.  This marks the fourth year-over-year increase in monthly job cuts in 2012. Continue Reading