While the job cuts in March is 61 per cent higher than the layoffs announced in February, the overall pace of downsizing is well below last year's levels, the latest report on monthly job cuts by global outplacement consultancy Challenger, Gray & Christmas Inc has said.
Job cuts announced by US employers jumped 31 per cent in July to over 97,000, increasing for the first time in six months, warning of a further hike in downsizing activity by the last quarter of the year, a report said on Wednesday.
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