Job cuts rose by 29% from 2017 to 2018

Do increasing job cuts during the last two years signal upcoming turbulence in the economy? Andrew Challenger, VP of Challenger, Gray & Christmas, Inc., addressed this possibility in a statement. "We've seen a number of companies responding to changing consumer behavior this year, and with tax savings and a strong economy, making staffing decisions ahead of a potential downturn next year," said Challenger.
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