Layoffs Fall For Second Month Straight

Planned layoffs declined for the second consecutive month in July, according to the latest job cuts report by global outplacement firm Challenger, Gray & Christmas

Employers announced nearly 37,000 job cuts in July — a 2% from June and 45% down from a year ago.

CEO John Challenger says it’s not unusual to see a summer slowdown in layoffs. He warns this may be a lull before the storm.

“Companies are still midstream in their 2012 plans. They’re still, if things haven’t gone right, still trying to right the ship. Also, decision makers are out. And so often, those are deferred until September. We often see a surge then, and then we see the yearend surge as companies realize they haven’t met their expectations.”

Texas saw over 2,600 in July. That brings its total for the year to just under 37,000, the second-largest number of job losses for any state in the union.



Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

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