Planned Job Cuts Grow Due To Tech Layoffs

Chicago, IL, July 31, 2014 -- Announced job cuts by U.S. employers in July totaled 46,887, according to outplacement firm Challenger, Gray & Christmas.

The total was the second highest level of the year, and well ahead of June's 31,434 cuts, which were the fewest of 2014.

Huge cuts by tech giants Hewlett-Packard and Microsoft helped inflate this month's figure.

To date, employers have announced 292,921 job cuts, down slightly from a year ago.

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