Over 30 million Americans have lost their jobs over the last two months due to the outbreak of COVID19, as the pandemic forced the abrupt shutdown of tens of thousands of non-essential businesses across the nation and severely impacted thousands more. The experts at global outplacement and executive coaching firm Challenger, Gray & Christmas Inc. have... more
Quarantine due to the COVID-19 pandemic thrust millions of people into an unwelcome, frightening employment situation. Those who found themselves instantly unemployed never could have guessed that this is what they would face in spring 2020. Still others were anticipating a promotion that has now been put on hold indefinitely.
Candidates for some top positions have found... more
Job cuts announced by U.S.-based employers spiked to 671,129, the highest single-month total on record. Challenger began tracking job cut announcements in January 1993. Last month’s total was primarily due to the COVID-19 pandemic, which was cited as the reason for 633,082 job cuts, according to a monthly report released Thursday from global outplacement and business... more
As companies create and enact plans to reopen worksites safely and consider the serious public health implications this will have on their workers, vendors, and customers, many Human Resources professionals are also pondering what the new normal will look like in the coming months and years. Likely, the precautions put in place now and during the gradual return to work will... more
As the Trump Administration releases guidelines for reopening the economy, Human Resources executives nationwide are contemplating when and how they will reopen work sites. The majority will keep their COVID plans, which include working from home and closing non-essential businesses, in place until experts agree it is safe, while 24% plan for the crisis to... more
Chief Executive Officer turnover fell for the second month in a row to 94, down 27% from the 128 who left their posts in February. It is the lowest monthly total in 20 months, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
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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
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