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Planned job losses fell for the third month in a row in October, down 16% from September to 55,679, according to Challenger, Gray & Christmas. Despite the deceleration, it's been another brutal year. Here's a look at where most cuts were expected, and why.
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- 17,146 jobs lost in October due to restructuring.
100,515 for the year to date. - 15,909 jobs lost in October due to companies closing.
102,625 for the year to date. - 10,242 jobs lost in October due to cost-cutting.
184,273 year to date. - 5,677 jobs lost in October due to "economic conditions."
429,847 year to date. - 3,632 jobs lost October due to demand downturn.
177,082 year to date. - 3,000 jobs lost in October due to Merger/Acquisition.
62,863 year to date. - Other leading reasons for cuts (YTD):
Bankruptcy 50,417
Outsourcing 3,100
Technological Update 331
"No Clear Reason" 367
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