Investor's Business Daily - U.S. corporations announced plans to cut 74,986 jobs, up from Dec's 44,416 and 19% above a year ago, according to outplacement firm Challenger, Gray & Christmas. Financial firms slashed 15,789 jobs and drug makers planned to ax 7,628 positions. Job cuts remain below levels of the '01 recession, Challenger said.
Monday, February 4, 2008
Economy - Monday (Investor's Business Daily)
Investor's Business Daily - U.S. corporations announced plans to cut 74,986 jobs, up from Dec's 44,416 and 19% above a year ago, according to outplacement firm Challenger, Gray & Christmas. Financial firms slashed 15,789 jobs and drug makers planned to ax 7,628 positions. Job cuts remain below levels of the '01 recession, Challenger said.
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