U.S. job-cut announcements surge in April to record, outplacement firm Challenger says
Job cuts announced by U.S.-based employers spiked to 671,129, the highest single-month total on record, according to outplacement firm Challenger, Gray & Christmas. Challenger began tracking job-cut announcements in January 1993. April's total is 202% higher than the 222,288 job cuts announced in March and 1,577% higher than the 40,023 cuts announced in the same month last year.
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