LayoffBlog.com

April 7, 2009

CEOs expect more job cuts through year end

Nearly three-quarters of CEOs in the Business Roundtable expect to cut workers in the next six months as sales sag, a survey showed Tuesday, suggesting further deterioration in the job market is likely at least through the end of the year.

Seventy-one percent of CEOs said they expect to cut workers in the next six months, up from 60% from November, when the quarterly survey was last conducted, and the most since the survey began at the end of 2002, the Business Roundtable said. Twenty-one percent expect to keep payrolls unchanged, while 7% said they plan to add workers.

Source: USA Today

April 2, 2009

Job cuts down 19.3% in March

The number of planned job cuts announced by U.S.-based employers fell 19.3 percent to 150,411 in March, according to a report by Challenger, Gray & Christmas Inc.

The number of announced layoffs had dropped 23 percent to 186,350 in February, said the global outplacement firm, meaning that March numbers mark the first two-month decrease in job cuts since February to March 2007.

Source: Austing Business Journal

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