US: Challenger Job Cuts Decline to 7-Month Low in October

Planned job cuts in the US-based employers declined to 80,666 in October from 118,804 in September, Challenger Gray & Christmas announced in its latest Job Cut Report on Thursday.

“October’s total is 32% lower than the 118,804 cuts announced in September,” the publication read. “It is 60% higher than the 50,275 cuts in the same month last year. October’s total is the lowest since February when 56,605 cuts were announced.”