Challenger Reports Jump in September Layoffs
October 01 2015 - 8:50AM
Dow Jones News
U.S.-based employers announced a surge in job cuts last month,
due largely to Hewlett-Packard Co., according to a report released
Thursday.
Domestic businesses said they would eliminate 58,877 positions
in September, up 43% from August and the highest since July,
according to outplacement consultancy Challenger, Gray &
Christmas Inc. From a year earlier, planned layoffs rose 93%.
"Job cuts have already surpassed last year's total and are on
track to end the year as the highest annual total since 2009, when
nearly 1.3 million layoffs were announced at the tail-end of the
recession," said John A. Challenger, chief executive of the
consultancy.
The computer industry saw the heaviest job cuts in September,
the report said. Midmonth, Palo Alto, Calif.-based Hewlett-Packard
said it would slash up to 30,000 slots as it prepares to split into
two separate businesses.
For the year, however, job eliminations have been concentrated
in the energy sector. Most of those cuts occurred in the first half
of the year, though, with the number easing in the latest
quarter.
Write to Lisa Beilfuss at lisa.beilfuss@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
October 01, 2015 08:35 ET (12:35 GMT)
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