Companies and government agencies announced a lot fewer job cuts in Illinois last month compared with September. The latest job cuts data come from Challenger, Gray and Christmas, a Chicago company that helps employers manage the process of laying off workers.
The Bureau of Labor Statistics reported Friday that the national unemployment rate jumped to 8.1 percent last month, its highest total in 25 years. The economy has now hemorrhaged more than 4.4 million jobs since the recession started in December 2007.
What can companies or business owners do to make lay-offs better for employees?‚ Is there ever a "good way" to let people go?
A blog post from the Boston Globe has some ideas for making the layoff process smoother--especially for smaller companies.‚ The advice includes: