Oil Industry Accounts for One Quarter of Job Cuts in October
Employers announced plans to cut 50,504 jobs in October, according to a report issued by Challenger, Gray & Christmas. October’s announced cuts were 14 percent lower than September, and 1.3 percent lower than a year ago. Year-to-date, employers have announced 543,935 cuts, 31 percent higher than the 414,591 cuts announced by this point last year