"Only dull people are brilliant at breakfast" -Oscar Wilde |
"The liberal soul shall be made fat, and he that watereth, shall be watered also himself." -- Proverbs 11:25 |
U.S. firms planned the highest number of layoffs in June since January 2004, led by the automotive and retail industries, a report said on Wednesday.
Employment consulting firm Challenger, Gray & Christmas Inc. said employers announced 110,996 job cuts last month, up from 82,283 in May, and 73 percent higher than June 2004.
“The cuts are not necessarily an indication of economic weakness, but rather the by-product of numerous trends, including changing consumer demand, outsourcing, mergers and acquisitions, automation and consolidation,” said John A. Challenger, chief executive officer of Challenger, Gray & Christmas, in a report.