Layoff announcements so far this year have hit the highest level seen since 2020, when the Covid-19 pandemic shut down the U.S. economy, consulting firm Challenger, Gray & Christmas said on Thursday.
It's only the sixth year since 1993 that announced job cuts through the month of November have surpassed 1.1 million. The last time was in 2020, when planned cuts totaled 2.3 million by this point in the year.
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