Free Special Resources
Get Your FREE Special Report. Download Any One Of These FREE Special Resources, Instantly!
Featured Special Report
Claim Your Free Cost Per Hire Calculator
This handy calculator lets you plug in your expenses for recruiting, benefits, salaries, and more.

Graphs automatically generate to show you your annual cost per hire and a breakdown of where you are spending the most money.

Download Now!
February 28, 2001
Dot-Com Jobless Toll Mounts
A t
For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
hree-month job-cutting spree, topped off by 11,649 in February, has affected nearly 35,000 Internet workers, 12 percent more than were affected in all of the previous 12 months.

February job cuts fell 9 percent from January, in which a record 12,828 cuts were announced. Only 130 job cuts were announced in February 2000, reported international outplacement firm Challenger, Gray & Christmas, Inc. job cuts over the last three months, the three biggest consecutive months on record, total 34,936. That is 12 percent more than the 31,056 announced between December 1999 and November 2000.

Challenger said it has tracked 65,992 Internet job cuts in 15 months.

So far in 2001, Internet-related firms have announced plans to cut 24,477 workers. In contrast, January and February 2000, combined for just 406 job cuts.

One of the biggest spikes in job cuts came from online retailers. Job cuts in this category grew 57 percent from 1,829 in January to 2,874 in February, making it the top category for job cuts for the month. It was followed closely by firms that build and maintain the technological elements of the Internet, which announced 2,721.

Featured Free Resource:
Cost Per Hire Calculator
Twitter  Facebook  Linked In
Follow Us
Copyright © 2017 Business & Legal Resources. All rights reserved. 800-727-5257
This document was published on
Document URL: