It Layoffs

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By: stevehutera
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Updated: 14-Dec-09
Videos: 90

International
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Added: 28-Oct-08

IT Layoffs? Not Again!
The July figure is the second largest of the year, behind the 103,522 planned job cuts announced in May. It marked a 141 percent increase from July 2007, when employers announced job cuts totaling 42,897. Employers have now announced 579,260 job cuts this year, which is 33 percent more than the 436,396 job cuts announced through July a year ago. The pace of job cutting over the last four months is significantly higher than the first quarter of the year, when job cuts averaged 66,885 per month. Since April 1, monthly job cuts have averaged 94,651, a 42 percent increase.

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