U.S. employers planned to cut payrolls by 45,107 in January, up 47 percent from December’s 30,683 planned layoffs, according to a report by Challenger, Gray & Christmas. The January cuts compared with 40,430 planned cuts in the year-earlier period, up 12 percent.
January’s numbers followed a 13-year low in planned cuts that were reported in December, the outplacement firm said.
“I think these are happening as retail industry reacts to the ongoing onslaught from e-retail and to more and more consumers using their smartphones or tablets to purchase their holiday goods,” John Challenger, CEO of the firm, told CNBC on Thursday.
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Mingze Wu
centers on forex and macro-economic trends impacting the Asia Pacific region.
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