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US employers plan to cut 40,010 jobs: Challenger

Tom Grill | Getty Images

U.S. employers said last month they planned to cut about 40,000 positions, a survey by Challenger, Gray & Christmas said Thursday.

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The global outplacement firm said planned payroll reductions totaled 40,010, down 21 percent from its survey last August.

The number of planned payroll cuts for last month was down 15 percent from 46,887 in July, which was the second-highest level of the year.

Through Aug. 31, planned job cuts totaled 332,931 this year, down 4 percent from the 347,095 cuts announced between January and August 2013.

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Once again, job cuts were heaviest in technology, where Cisco Systems announced plans to reduce its payroll by 6,000 jobs following weak quarterly sales numbers. The networking equipment maker joins Microsoft, Hewlett-Packard and Intel in announcing large layoffs this year.