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What will be the total U.S. job cuts for the year 2024?
5
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Challenger Gray & Christmas annual job cuts report
Story
U.S. Employers Announce 63,816 Job Cuts in May 2024, Down 1.5% from April
Jun 6, 2024, 11:30 AM
U.S.-based employers announced plans to cut 63,816 jobs in May 2024, a 1.5% decrease from April and 20.3% lower than the same period last year, according to Challenger Gray. Hiring announcements have also dropped to 4,326, the lowest levels in a decade. The year-on-year decline in job cuts was reported at 20.3%, compared to a previous decline of 3.3%.
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