American companies plan to cut 40,000 jobs

A report out Thursday from employment consultancy Challenger, Gray and Christmas shows American companies plan to cut 40,000 jobs -- a 20 percent drop from the previous month. 

John Challenger, CEO of Challenger, Gray and Christmas, joins Marketplace's Mark Garrison to discuss.  

Click the audio player above to hear more. 

About the author

Mark Garrison is a reporter for Marketplace and substitute host for the Marketplace Morning Report, based in New York.

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