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May Job Cuts Rise 16% from April; Highest May Total Since 2020

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U.S. employers announced 97,006 job cuts in May, up 16% from the 83,387 job cuts recorded in April, and up 3% from the 93,816 announced in the same month last year, according to Challenger, Gray & Christmas. May’s total is the highest for the month since 2020, when 397,016 job

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