Layoffs at Internet Firms Continue to Rise

Share this content:
A study of Internet businesses revealed yesterday that layoffs for December increased nearly 20 percent over the previous month to approximately 10,500.


The layoffs for December broke a one-month record for job cuts for the second consecutive month, according to research conducted by recruitment firm Challenger, Gray & Christmas Inc., New York. During November, the previous record-holder, there were approximately 8,800 job cuts.


The firm has tracked layoffs at Internet companies since December 1999. It has recorded more than 41,500 job cuts since then.


During the time during which the firm has tracked layoffs at Internet companies, the services sector, which includes the consulting, finance and information industries, accounted for nearly half of all the cuts with approximately 19,500 layoffs.
close

Next Article in Digital Marketing

Sign up to our newsletters

Company of the Week

Since 1985, Melissa has helped thousands of companies clean, correct and complete contact data to better target and communicate with their customers. We offer a full spectrum of data quality solutions, including global address, phone, email, and name validation, identify verification - available for batch or real-time processes, in the Cloud or on-premise. Our service bureau provides dedupe, email/phone append and geographic/demographic append services for better targeting and insight. For direct mailers, Melissa offers easy-to-use address management/postal software, list hygiene services and 100s of specialty mailing lists - all with competitive pricing and excellent customer service.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above