Planned U.S. layoffs rose in May by 0.6 percent, led by downsizing in the computer industry. An increase of 0.6 percent may not sound like much, but it means that another 71,115 workers are a step closer to bankruptcy.
Challenger, Gray & Christmas, an employment consulting firm, said planned layoffs in May had increased from 70,672 in April. May’s job cuts were up 32 percent from May 2006. So far this year, a total of 337,773 jobs cuts have been announced. That’s 8.5 percent fewer than in the same period last year.
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