...And A Few Big Companies Are Adding Bodies, Too

Two reports issued in the wake of the Dun & Bradstreet survey seem to confirm its results. Challenger, Gray & Christmas Inc., a Chicago-based outplacement consulting firm that tracks layoff announcements by major companies, says that plans to ax some 192,600 jobs were unveiled in the first quarter--11% more than last year. But the firm's president, James E. Challenger, also notes that improved demand is spurring some big employers either to rescind planned cuts or to refill previously eliminated positions. "The impact of rising layoffs among some companies," he says, "is now being tempered by rehiring by others who are finding themselves understaffed."

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