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Job cuts soar in June
Announcements by U.S. firms jump to more than 7 times year-ago pace
July 5, 2001: 3:05 p.m. ET
NEW YORK (CNNfn) - Job-cut announcements by U.S. companies soared in June, according to an industry survey released Thursday, as corporations continue to shed jobs in an effort to stay afloat in hard economic times.
U.S. companies announced 124,852 job cuts in June, compared with a paltry 17,241 in June 2000
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