Challenger, Gray & Christmas Blog

Posted 4 months 1 week ago

Turnover in the top position accelerated in May, as employers at U.S.-based companies announced 83 chief executive officer changes, 73% higher than the 48 CEO changes announced in April, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Despite the... more

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Posted 4 months 2 weeks ago

The latest employment situation report from the Bureau of Labor Statistics (BLS) showed the economy gaining a surprising 2.5 million jobs after many economists and experts expected another month of losses. According to an analysis of non-seasonally adjusted data from the BLS by global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc.,... more

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Posted 4 months 2 weeks ago

The economy gained back 2.5 million jobs in May, primarily from workers going back to jobs, according to the most recent Employment Situation released Friday from the Bureau of Labor Statistics (BLS), after falling by 20.5 million jobs in April. Nearly 22 million Americans are out of work, according to those receiving weekly unemployment benefits, and job cuts... more

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Posted 4 months 2 weeks ago

Job cuts announced by U.S.-based employers totaled 397,016 in May, down 40.8% from April’s total of 671,129, the highest monthly total on record. Despite the drop, last month’s total is the second highest monthly total on record since global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. began tracking job... more

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Posted 4 months 3 weeks ago

Business attire has a new component during the COVID-19 pandemic. Face masks are available in every conceivable pattern and color these days. In fact, Forbes reports fashion designers are creating masks to accentuate their high-style collections, and many retailers and manufacturers are pivoting to making masks to not only help with the shortage, but also to keep their businesses... more

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Posted 4 months 4 weeks ago

Women are bearing the brunt of unemployment in the current downturn due to the COVID-19 pandemic. Women account for 55% of the 20.5 million who lost their jobs in April. The unemployment rate for adult women quintupled to 15.5% in April, an all-time high, according to an analysis of data from the Bureau of Labor Statistics (BLS) by global outplacement and business and executive... more

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Posted 5 months 2 days ago

As the nation's employers consider how to reopen their offices following stay-at-home shutdowns triggered by the Coronavirus pandemic, many are facing challenges regarding how to modify or extend current work from home (WFH) policies, including hiring private eyes to monitor employees, accommodating flexibility due to child care, and dealing with the mental health of isolated workers. Going forward, employers must protect their workers while also... more

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Posted 5 months 4 days ago

Retailer Pier 1 Imports announced it would close all remaining 540 stores and try to find a buyer for its online business. It follows bankruptcy announcements from JC Penney, J. Crew, and Neiman Marcus.

"Retail has been undergoing technological updates, shifting consumer behavior and low foot traffic over the last three years that has led to... more

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Posted 5 months 1 week ago

ESPN’s new ten-part documentary series on the Michael Jordan-era Chicago Bulls, The Last Dance, includes plenty of 90s nostalgia, good music, and incredible basketball, but also important lessons for employers nationwide on leadership, culture, and talent management, according to one workplace authority.

“Any organization strives to foster a collaborative culture and encourage growth and... more

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Posted 5 months 1 week ago

Chief Executive Officer turnover plunged to 48 exits in April, the lowest monthly total since 46 departures were recorded in November 2004, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

April’s total is 51% lower than the 97 CEO exits that were... more

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