Number of ‘mass layoffs’ jumps up 3 percent

By Eric W. Dolan
Sunday, September 4, 2011 13:13 EDT
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Mass layoffs — when employers let go of 50 or more people at once — has jumped up 3 percent this summer, according to the unemployment numbers that came out Friday. Major companies like Borders, Bank of America, Cisco, Lockheed Martin, and Goldman Sachs have all recently announced mass layoffs.

Although the number of mass layoffs recently spiked, the overall number of mass layoffs has actually declined over the past 3 years.

Watch video, courtesy of CBS News, below:

Eric W. Dolan
Eric W. Dolan
Eric W. Dolan has served as an editor for Raw Story since August 2010, and is based out of Sacramento, California. He grew up in the suburbs of Chicago and received a Bachelor of Science from Bradley University. Eric is also the publisher and editor of PsyPost. You can follow him on Twitter @ewdolan.
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