Downsizing Activity by U.S.-Based Employers Down

Downsizing activity by U.S.-based employers declined by 30 percent in November, with 35,940 planned job cuts announced during the penultimate month of 2014. The 450,531 job cuts announced through the end of November are 5.8 percent fewer than the 478,428 at the same point in 2013. Currently, job cuts are on pace to finish 2014 with the lowest year-end total since 1997. The report on December job cuts will be released by global outplacement consultancy Challenger, Gray & Christmas, Inc. of Chicago on Thursday, January 8.