Category Archives: Job Cuts

Pace of job cuts slows

Companies are still cutting jobs – as evidenced by Hewlett Packard’s announcement Tuesday that it would slash it’s global payroll by 9,000 workers over the next three years — but the pace of layoffs is slowing.

In a report released today, global outplacement consultancy Challenger, Gray & Christmas Inc. says layoffs have “returned to prerecession levels.”

That’s what passes for good news these days, but at least the economy continues to recover.

In May, U.S. employers said they planned to cut 38,810 jobs, the12th straight month when job cuts were lower than the same month in the previous year, according to the Challenger, Gray report.

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