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Layoffs in November highest since January 2002

By Jeff Caruso on Wed, 12/03/2008 - 10:35am.

Challenger, Gray & Christmas reports that U.S. companies cut more than 180,000 jobs last month.

To put it into perspective, it's a 61% increase over October and a 148% increase over the same month a year ago.

For many, this won't be a very happy holiday season.

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About Jeff Caruso

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Site Editor Jeff Caruso's NetFlash blog highlights some of the top news of the day at Network World. For complete updates via e-mail, choose the Daily News Alert at www.networkworld.com/nl/signup.jsp.

The opinions expressed in this Weblog are those of the writer and may not represent the opinions of Network World.

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