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Posted November 30, 2011 by

Job Cuts Down 13% From 2010

The number of planned layoffs announced in November remained virtually unchanged from the previous month, as US-based employers reported job cuts totaling 42,474, down 0.7 percent from 42,759 in October, according to the latest report on downsizing activity from global outplacement firm Challenger, Gray & Christmas, Inc.

November job cuts were down 13 percent from the same month a year ago when employers announced plans to cut 48,711 jobs from their payrolls. November marks the second consecutive month of lower job cuts after surging to a 28-month high of 115,730 in September. (more…)