The rate of job cuts in the United States soared 127 percent in November, amid a wave of layoffs in the tech industry.
The American employers announced 76,835 cuts last month, a 127 percent increase from the 33,843 cuts in October, according to a report by Challenger, Gray & Christmas.
Last month saw a 417 percent increase over the 14,875 cuts announced in November of last year, and is the sixth time for 2022 that cuts were higher than in the corresponding month a year earlier, according to Challenger.
A separate layoff tracker by Forbes reported that 46,000 worker lost their jobs in two dozen large corporate layoffs in November, including nearly 4,000, on Nov. 1….
RSS Feed The Epoch Times