US-Based Companies Announce Record Number of Impending Layoffs

Companies based in the U.S. announced in July that they plan to eliminate a record number of jobs, more than double the amount announced in the same month last year, according to a new report. The report, from recruitment firm Challenger, Gray & Christmas, tracks U.S.-based employers’ announcements about layoffs, which do not indicate the number of job losses that have occurred or when the…

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