By Tom Ozimek American employers announced 761,671 job cuts in 2024, a figure that marks the highest annual total in 15 years, excluding the pandemic-driven layoffs of 2020, according to a new report from outplacement firm Challenger, Gray & Christmas. The report also shows that hiring intentions have slowed to their lowest level in nearly […]
Tag: Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor.