2019 Layoffs Are The Highest For A 1st Quarter In a Decade

Layoffs are on the rise despite record corporate profits.

CNBC reports:

“Layoffs hit their highest level for a first quarter in 10 years as 2019′s job market got off to a shaky start, according to a report Thursday from outplacement firm Challenger, Gary & Christmas.

Total announced cuts hit 190,410, a 10.3 percent increase from the fourth quarter and 35.6 percent jump from the same period a year ago. The level was worst period overall since the third quarter of 2015 and the highest level for a first quarter since 2009 as the economy was still mired in the financial crisis.”

For the rest of the story, visit CNBC here.

 

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