Challenger: October job cut dips to 80.66K

Challenger Job-Cut Report: 80.66K from 118.8K in September.

October marked the lowest number of layoffs in seven months. “The lower numbers certainly indicate some companies impacted by shutdown orders were able to reopen and stave off cutting jobs. However, as case counts rise and more jurisdictions impose stricter enforcement, and stimulus money dries up with no coming legislation, uncertainty is likely guiding many company decisions on retaining workers,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.