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IPFS News Link • Employment & Jobs

Job Cuts Sparked By Bankruptcies Hit Highest Level Since 2005

• by Tyler Durden

Sixty-two thousand one hundred thirty-six job losses were a result of firms going bankrupt and laying off employees in 2019. The amount is higher than the annual totals for bankruptcy-related job losses dating back to 2005, when 74,200 were seen. 

The report said one of the leading causes of job losses last year were "trade concerns, emerging technologies, and shifts in consumer behavior."