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The rate of job cuts in the United States soared 127 percent in November, amid a wave of layoffs in the tech industry.
The American employers announced 76,835 cuts last month, a 127 percent increase from the 33,843 cuts in October, according to a report by Challenger, Gray & Christmas.
Last month saw a 417 percent increase over the 14,875 cuts announced in November of last year, and is the sixth time for 2022 that cuts were higher than in the corresponding month a year earlier, according to Challenger.
A separate layoff tracker by Forbes reported that 46,000 worker lost their jobs in two dozen large corporate layoffs in November, including nearly 4,000, on Nov. 1....