U.S.-based employers announced 75,151 cuts in August, a 217% increase from the 23,697 cuts announced in July, according to Challenger, Gray & Christmas. It is 267% higher than the 20,485 cuts announced in the same month in 2022, the report said. Warehousing led all industries in August with 32,123, primarily on the bankruptcy of Yellow Corp. For the year, technology is the sector with the most layoff announcements.
