Challenger Gray & Christmas quarterly job cuts report

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%.