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Challenger reported 58,577 layoffs..........>

US DATA
US DATA: Challenger reported 58,577 layoffs intentions in May, up from 40,023 in
April and 31,517 a year ago.
- The layoff intentions were led by the technology and telecommunications
sectors, which Challenger said have increased the number of buyouts of older
workers to allow more room for new hires to increase agility.
- Cuts in the retail sector have slowed, but Challenger notes that cuts continue
as more brick-and-mortar businesses have closed.

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