Details of the August 2015 US Challenger layoffs data report 3 September 2015
- Layoffs 41,186
- +2.9% y/y
- Retail and manufacturing top the cut list
Cost cutting (include restructuring in that too), closing and bankruptcy are the top reasons why layoffs are being cited. That puts a bit of a shadow over the jobs market. The bankruptcy of the A&P supermarket makes up a big chunk of that number
August layoffs
Remember though that these are planned layoffs and don't necessarily lead to actual job losses
