A recent article posted by 24/7 Wall St illustrates the 10 American Companies Cutting the Most Jobs – posted October 8, 2013 by Alexander E.M. Hess and Michael B. Sauter. In the article, they explain, “Planned job cuts in the third quarter rose 25% from a year ago. With September jobs cuts up 19% from last year, it represented the fourth month in a row in which job cuts were higher than the same month last year. Despite the current trend, employers are on pace to cut roughly the same number of jobs that were cut last year. According to data compiled by Challenger, Gray & Christmas, 10 companies alone have announced close to 75,000 job cuts this year, combined. This represents nearly 20% of all the announced cuts in 2013.” 
Interestingly, the 75,000 job cuts announced represent nearly 20% of the years total announced cuts in 2013. One needs to ask, how many companies formally announce job cuts, with Small Business making up nearly 80% of the U.S. economy?
According to SBA.gov on small business; “23 million small businesses in America account for 54% of all U.S. sales. Small businesses provide 55% of all jobs and 66% of all net new jobs since the 1970s. The 600,000 plus franchised small businesses in the U.S. account for 40% of all retail sales and provide jobs for some 8 million people. The small business sector in America occupies 30-50% of all commercial space, an estimated 20-34 billion square feet.” 
The 247wallst.com article, Ten American Companies Cutting the Most Jobs, was posted on sites such as marketwatch.com and huffingtonpost.com, and the number of job cuts announced are highlighted and reproduced below. 
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