U.S. LAYOFFS SWEEP PAST 350,000

PR Newswire | August 6, 1993 | Copyright 
 
    NEW YORK, Aug. 6 /PRNewswire/ -- Layoffs in the United States have now reached 353,614 as the number of employers taking this action escalates.  July was the second largest layoff month of the year, according to the Challenger Employment Report released by Challenger, Gray & Christmas, Inc., an international outplacement company. 
    At an annual pace averaging 50,516 layoffs per month, 1993 is on course to surpass the recession year 1991 by over 4,000 per month. There were 555,292 layoffs recorded in 1991. 
    Even without IBM's major layoff announcement, July was ahead of ...

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