Companies restructuring or closing down were the leading reasons cited for job layoffs in the first quarter.
Chicago-based Challenger Gray and Christmas said in its latest job cut report that employers trimmed jobs at a faster pace during the first three months of this year compared to a year ago, with big cuts in finance, retail and healthcare pushing up total projected losses beyond 145,000.
Connecticut job reductions totaled 873 in March and totaled 3,975 through the first three months of this year. Here are the top reason
CHALLENGER, GRAY & CHRISTMAS, INC.
JOB-CUT ANNOUNCEMENT REPORT
JOB CUT REASONS
|Government Contract Loss/Sequestration Concerns||2,717||2,717|
|Loss of Contract||800||1,851|
|Federal Spending Cuts||917||917|