The outplacement firm of Challenger, Gray & Christmas on Thursday released its job-cuts report for March showing that a total of 60,587 planned U.S. job cuts were announced last month, a decrease of 21% compared with February cuts. The announced cuts were 14.3% higher than January’s total of nearly 53,000.
For the first quarter of 2019, the total of 190,410 announced job cuts was 35.6% higher than in the same period last year and reached its highest level since the third quarter of 2015. The first-quarter total is the highest for that period since more than 560,000 job cuts were announced in 2009.
All told, the auto industry reported plans in March to eliminate 8,338 jobs, bringing the first-quarter total to 15,887 jobs lost.