LayoffBlog.com

January 27, 2009

More than 211,500 job cuts announced in January alone

According to CNNMoney: “The job market continued to take a beating Tuesday, as six companies across several industries announced more than 11,500 job cuts Tuesday.

The huge number of job cuts pales only in comparison to Monday’s statistics: seven companies issued job cut announcements totaling more than 71,400 layoffs.

In January alone, companies have announced more 211,500 job cuts.”

  • U.S. companies have announced 519,895 job cuts since November 1, 2008.
  • The U.S. jobless rate reached 7.2 percent in December, the highest level in almost 16 years.

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