Job cuts announced by US employers fell for the fourth consecutive month in May to over 1.1 lakh, recording a 16 per cent dip from layoffs announced in April, but the decline could be shortlived as downsizing may pick up pace after the summer months, a report has said.

US employers announced 111,182 planned job cuts in May as compared to 132,590 layoffs in April. While May marked the fourth consecutive decline in monthly job-cut announcements, the layoffs were 7.4 per cent higher than the same month a year ago.