With more than 24,000 retail-sector job cuts already announced in 2016, layoffs are on track to hit their highest since 2010, according to Credit Suisse analysts.
Credit Suisse said in a Monday note there could be more than 37,000 layoffs in 2016 based on Bloomberg data. But analysts there believe that number could top those projections due to the number of retailers filing for bankruptcy recently. About two-thirds of layoffs tend to come in the first one-third of the year.
According to Bloomberg, there were 30,273 layoffs in 2010. There were far fewer each year between 2011 and 2015. Bloomberg generated its figures by culling data from news headlines. Layoffs that didn’t make headline news may not have been included.
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3 comments:
Obama has a few more months to totally destroy us , of course they will blame his replacement . The democrats can only win with entitlement votes and a few of the dizzy girls who don't think for themselves.
Its ok, target wont need so many employees now since the 3% will be the only useful idiots shopping there.
No, that's not true. These big business's have found an excuse to pay the elite children's the increase of the minimum wages in the States.
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