Teen employment skyrocketed during the summer months of 2019 to the highest number of jobs added since 2001, according to an analysis of non-seasonally adjusted data from the Bureau of Labor Statistics by global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. However, the global pandemic of COVID-19 has changed everything and... more
Challenger, Gray & Christmas Blog
As states and localities take action to promote social distancing and slow the outbreak, companies and Human Resources teams have responded in kind, according to a new survey from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.
“From creating, enforcing and implementing policy to complying with state, local, and federal... more
Job cuts announced by U.S.-based employers surged 292% from February’s total of 56,660 to 222,288 in March. March was the first month to report job cut announcements specifically due to the COVID-19 pandemic, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.... more
Initial weekly jobless claims soared to 3.3 million, only a few weeks after a historic low of 200,000. This highlights the whiplash workers and HR professionals are experiencing as the labor market transitions from one of the tightest on record to a likely recession. Despite the current crisis, numerous companies are actively hiring nationwide to keep up with exploding... more
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.... more
COVID-19 HAS CAUSED EMPLOYERS TO ANNOUNCE 3,634 JOB CUTS
More announcements in Entertainment/Leisure have pushed job cuts due to the COVID-19 outbreak to 3,634, according to global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc.
Job Cut Announcements Due to COVID-19 Begin. Through the morning of March 12th, U.S.-companies have announced 633 job cuts specifically tied to the outbreak of novel coronavirus, according to tracking from global outplacement and executive and business coaching Challenger, Gray & Christmas, Inc.
Chief Executive Officer turnover fell 42%, from the record 219 who left their posts in January to 128 in February. Last month’s total is 3% higher than the same month last year, when 124 CEOs left their posts, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray... more
Last week, India-based hotel partner start-up Oyo Hotels announced 5,000 job cuts worldwide due to the outbreak of coronavirus, with roughly 2,000 occurring in the US and India. Meanwhile, Florida-based toy maker Basic Fun! Announced 18 job cuts due to a work stoppage at the company’s Chinese facilities, 10 of which will occur in the United States. The virus could cause... more
Oyo, the hotel start-up based in India and backed by Softbank, announced 5,000 job cuts from a workforce of 30,000 due to a demand downturn for its hotel partners from the outbreak of Coronavirus. The bulk of those cuts, 3,000, will occur in China, while the rest will be in the US and India, according to anonymous sources as reported by Bloomberg.