Challenger, Gray & Christmas Inc. said Thursday that job cuts at U.S.-based employers totaled 89,703 in March, up 15% from the prior month, with more...
Challenger, Gray & Christmas Inc. said Thursday that job cuts at U.S.-based employers totaled 89,703 in March, up 15% from the prior month, with more expected ahead. “With rate hikes continuing and companies’ reining in costs, the large-scale layoffs we are seeing will likely continue,” said Andrew Challenger, senior vice president of Challenger, Gray & Christmas. The previous month follows a month-to-month trend of increased job cuts in the U.S.
-based employers totaled 89,703 in March, up 15% from the prior month, with more expected ahead. “With rate hikes continuing and companies’ reining in costs, the large-scale layoffs we are seeing will likely continue,” said Andrew Challenger, senior vice president of Challenger, Gray & Christmas. The previous month follows a month-to-month trend of increased job cuts in the U.S., as March marked the third time this year when cuts were higher than the year-earlier month.
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