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The Recent Dip In Layoffs May Not Last


Economic Trends

THE RECENT DIP IN LAYOFFS MAY NOT LAST

Does the recent deceleration in announcements of permanent staff cuts by major corporations signal a winding down of the long travail of corporate restructuring? Dan Lacey, editor of the newsletter Workplace Trends, which monitors such announcements, is dubious. He notes that "last year, staff cutting also tapered down in June, only to explode after the July Fourth holiday and gain strength through the year."

Lacey reports that more than 170,000 staff cuts were announced through May 31 of this year, up 2.6% over 1991. Last year, he says, "many CEOs looked at their weak balance sheets at midyear, and then issued orders to cut and cut hard. It could happen again."GENE KORETZ


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