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November Job Cuts Lowest in 14 Months

Challenger, Gray & Christmas Inc. News Release (12/02/15)

Planned layoffs in November fell to the lowest level in more than a year, according to Challenger, Gray & Christmas Inc. Employers announced workforce reductions totaling 30,953 in November, 39% fewer than the 50,504 planned job cuts in October. The November total was 14% lower than a year ago, when 35,940 job cuts were reported.

To date, employers have announced 574,888 job cuts in 2015, 28% more than the 450,531 job cuts announced through November 2014. With just one month remaining in the year, job cuts are on pace to be the heaviest since 2009, when 1.3 million layoffs were announced. The energy, government, and retail sectors have announced the most job cuts this year.