Planned Job Cuts Plummet in December

Chicago, IL, Jan. 3, 2013 -- Announced layoffs fell in December and 2012 overall had the lowest annual total for announced layoffs since 1997, outplacement consultancy Challenger, Gray & Christmas said.

The number of planned job cuts announced in December fell to 32,556, down 43% from November, and 22% below December 2011.