Planned Job Cuts Down from Last Year

Chicago, IL, Nov. 7, 2013 -- The pace of job-cutting remained relatively flat in October, as the nation’s employers announced plans to cut 45,730 jobs from their payrolls, according to outplacement firm Challenger, Gray & Christmas.

That was up 13.5% from 40,289 job cuts recorded in September but down 4.2% from the same month a year ago.

This marks the first time in five months that the job-cut total was lower than the comparable period a year ago.
Employers have now announced 433,114 job cuts since January 1. That is virtually unchanged (down 0.14%) from the 433,725 job cuts announced through ten months of 2012.