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Economic Data (USA)

Thursday, July 06, 2023

Challenger Report on Corporate Layoffs for June 2023

Earlier today, the global outplacement consultancy Challenger, Gray and Christmas, Inc. released its report on Corporate Layoffs for June 2023:


Job Cuts Announced During June 2023: 40,709

  • Previous month: 80,089
  • Change from previous month: -49.17% (-39,380)
  • Change from one year previous: +25.19% (8,192)


If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.


Challenger Report on Corporate Layoffs for June 2023 - Technology Jobs Cuts

Challenger Report on Corporate Layoffs
Technology Jobs Cuts
 June 2023 UPDATE



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