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February 5, 2016

200% more job cuts in 2016 january over same time last year

Businesses announced more than 75,000 job cuts in January, an increase of 218% from the same month last year. Energy and retail employers led the increase, reporting plans to cut more than 40,000 jobs between the two sectors. Yahoo 's announced layoffs  of more than 15% of its employee besides closing down 6 offices  as disappointing earnings have led a number of notable companies to lay off their their workforces