U.S. employers slash payrolls in July

(Special from NorthStar how to apply for ikea personal loan News Today) – The day before the U.S. Bureau of Labor Statistics released its monthly jobs’ report on Friday, Challenger, Gray & Christmas, a Chicago-based outplacement firm, published its figures for layoffs and it wasn’t a pretty picture.

U.S. employers cut 105,696 workers from their payrolls in July, Chal­lenger, Gray & Christmas reported.

This was a 136 percent increase over 44,842 job cuts recorded in June. The last time more than 100,000 job cuts were announced in a single month was in September 2011, when companies cut 115,730 workers.

More than easy installment loan lenders half of July’s job cuts were the result of troop and civilian workforce reductions in the U.S. Army. The cuts will eliminate 57,000 from government payrolls over the next two years, Challenger, Gray & Christmas reported.

“With wars in Afghanistan and Iraq winding down and pressure to cut government spending, the military has been vulnerable to reductions,” Challenger officials said. In the last several years, government agencies have announced or enacted the deepest job cuts, which have affected Black workers.

In addition to the U.S. Army cutting jobs, the technology sector also announced several workforce are payday loans always bad cuts. Microsoft Corp. closed its recently purchased Nokia division, which resulted in 7,800 jobs lost.

Qualcomm announced plans to cut 4,500 workers and Intel Corp., the chipmaker, also announced that it was cutting its workforce by 3,180 jobs.

Computer and electronics firms announced 18,891 job cuts in July and 25,542 job cuts so far this year, which is 47 percent lower than the 48,361 job cuts announced by these employers at the same time last year.

This article originally published in the August 17, 2015 print edition of The Louisiana Weekly newspaper.