Challenger, Gray & Christmas reports that 10 companies plan to cut a total of nearly 75,000 jobs this year. These companies include J.P. Morgan Chase & Co. and J.C. Penney Company Inc., which plan to cut 19,000 and 15,020 jobs, respectively.
International Business Machines Corp., meanwhile, plans to cut 9,400 jobs, while Boeing Co. plans to eliminate 5,800 jobs. Other firms planning to cut jobs this year include American Express Co. (5,400), Wells Fargo & Co. (5,236), Cisco Systems (4,500), MetLife Inc. (3,150), Blockbuster (3,000), and United Technologies (3,000).
Say Goodbye to Mundane Tasks and Hello to Efficiency
Are you accustomed to using a plethora of resources to recruit the right candidates? Our research shows that the average firm spends around five hours logging in and out of systems to source candidates to fill one job. We’re excited to announce the next level in candidate sourcing: CareerBuilder Talent Discovery, a platform that has everything in one place. Stop by CareerBuilder’s booth next week at Staffing World to learn more—Booth 813 in the expo hall.