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
Challenger, Gray & Christmas Blog
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.
Job cuts announced by U.S.-based employers fell 16.4% from January’s total of 67,735 to 56,660 in February. Despite widespread concern, COVID-19 has not yet caused companies to cut positions, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
Last month’s total is 26.3% lower than the 76,835 cuts announced in the same month last year. Through... more
Our David Pinette hosted the Human Resources Executive Alliance Dinner With Your Peers event at the Estia Restaurant in Philadelphia. We're so grateful to our TeamChallenger members who continue to create opportunities to help HR professionals connect and expand their networks. Thanks to all who attended!
Chief Executive Officer turnover surged 37%, from the 160 who left their posts in December to 219 to begin the year. Last month’s total is 27% higher than the previous monthly record of 172 in October 2019, according to a report released Wednesday by global outplacement and business and executive coaching... more
The most recent data from the Centers for Disease Control and Prevention (CDC) predicts 22 million people of all ages nationwide have tested positive for one of the known types of influenza viruses in the 2019-2020 season. High instances of influenza-like illnesses (ILI) occurred in 45 states and Puerto Rico. While it is difficult for the CDC to predict flu severity, Challenger... more