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.