Layoffs on track for fewest since 2000

Nov. 22, 2010 at 3:43 PM
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CHICAGO, Nov. 22 (UPI) -- Announced company layoffs in 2010 in the United States are on track to fall to the lowest level since 2000, a private outplacement firm said Monday.

In October, U.S. firms announced 37,986 job cuts, just slightly ahead of the 37,151 announced in September, Challenger, Gray & Christmas reported.

Through October, each month of the year has had fewer layoffs than the same month of 2009, the firm said.

In October, 81 chief executive officers left their posts, a 27 percent drop from the 111 CEO departures in the previous month and the lowest level in 18 months.

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