COVID19 Job Cuts Surge Past 9K; Some Industries Desperate for Workers
Global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. has tracked over 9,000 job cut announcements due to the COVID-19 outbreak. These are confirmed cuts from individual companies. Challenger tracks job cut announcements using media reports, company announcements, state WARN reports, and SEC filings.
"Job cuts will continue due to this outbreak as companies prepare to put business on hold for at least a month. More hotels, restaurants, and bars will undoubtedly make major cuts in the coming weeks," said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas, Inc.