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[Zephyr]

Challenger Job-Cut Report
Released On 7/31/2014 7:30:00 AM For Jul, 2014
Prior Actual
Announced Layoffs - Level 31,434 46,887
Highlights
The 18,000 layoff announcement from Microsoft inflated Challenger's July count to 46,887 vs 31,434 in June. The report notes that the Microsoft layoffs are largely tied to the consolidation of its Nokia acquisition and are not a sign of a slowing economy. Computers, at 18,539, had the highest sector total in the month followed by government, at 5,111, and electronics at 3,700.