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The latest news, trends and information to help you with your recruiting efforts.

Posted January 05, 2012 by

Job Cuts in December Were Lowest Per Month Since June

Planned job cuts announced by U.S. employers declined in December to 41,785, the lowest monthly total since June, according to the latest report on downsizing activity from global outplacement firm Challenger, Gray & Christmas, Inc.

The December total was down 1.6 percent from 42,474 job cuts in November. Last month was up 31 percent from December 2010, when employers announced just 32,004 job cuts, which still stands as the lowest monthly total since 17,241 job cuts were recorded in June 2000.

While 2011 went out like a lamb in terms of downsizing activity, with employers announcing an average of just 42,339 job cuts per month over the final quarter of the year, the year-end job-cut total of 606,082 was 14 percent higher than the 529,973 job cuts announced in 2010. However, the 2010 year-end total was a 13-year low. The 2011 total is still well below the recession peak of 1288,030 annual job cuts reached in 2009. (more…)

Posted October 18, 2011 by

Federal Agencies Cutting Jobs — Even Military, Intelligence Aren’t Safe

Not even the nation’s ranks of spies will be safe from federal budget cuts, according to a recent article at Wired.com.   Major cuts to the intelligence community’s $80 billion annual budget could result in widespread job cuts across the various spy agencies.   With a mandate to cut federal spending by $2.1 trillion over the next decade, every government agency is at risk of job cutting, including the military.

Over the past two months, multiple military branches have announced personnel reductions totaling more than 67,000.  Meanwhile, the United States Postal Service, which is facing financial insolvency resulting from significant declines in mail volume and retiree health benefit prefunding costs imposed by Congress, has proposed a plan that would cut its workforce by 220,000 between now and 2015 (100,000 of which would come from attrition). (more…)