‘Mass Layoffs’ Soared In January
Item: Gov't says 'mass layoffs' soared in January/AP
More Info: Employers took a large ax to their payrolls in January, the government said Wednesday, and the cuts are likely to get worse over the next few months. The Labor Department reported that mass layoffs, or job cuts of 50 or more by a single employer, increased to 2,227 in January, up almost 50 percent from the same month last year. More than 235,000 workers were fired as a result of last month's cuts.
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