"But those layoffs may not stay that low for long. A separate layoff report published last week by Challenger, Gray & Christmas outplacement and research outfit showed announced discharges climbed 38 percent in September following an uneventful August. Such announcements were still down 25 percent from last September. And to date, 2016 layoff announcements... more
Challenger, Gray & Christmas News
CEO John Challenger appears on PBS's Chicago Tonight to discuss topics to avoid or engage in during this political season.
Original article: http://in.reuters.com/article/us-usa-economy-idINKCN1174T1
"In a third report on Thursday, global outplacement consultancy Challenger, Gray & Christmas said employers in the United States announced plans to shed 32,188 workers from their payrolls in August, down from 45,346 in July.
The computer sector dominated the job cuts last month, with Cisco Systems (CSCO.O) announcing plans to reduce its workforce by 5,500 jobs. There were also layoffs in the energy, industrial goods and... more
Original Article: http://money.cnn.com/2016/08/04/investing/200000-oil-jobs-lost/
"About 95,000 positions were eliminated by energy companies in 2016 alone, according to Challenger. Most of those job cuts occurred earlier this year, as oil prices crashed to a 13-year low of $26 a barrel.
But Challenger noted that there was a "resurgence" of energy-sector job cuts in July, when layoffs spiked by 796% to 17,725."
Original article: http://www.hreonline.com/HRE/view/story.jhtml?id=534360902
"Some new Challenger, Gray & Christmas data suggest that more organizations are indeed warming to the concept of stay interviews.
The Chicago-based outplacement and executive coaching firm recently polled about 100 HR executives and found 27 percent of respondents saying their organizations already conduct stay interviews, with another 24 percent saying their companies plan to start doing so in the near future.
"'The No. 1 reason that CEOs leave is company performance. There's a very clear scorecard,' said John Challenger, CEO of Challenger Gray & Christmas in a phone interview."
Original Article: http://fortune.com/2016/06/08/leadership-unpopular-decisions/
How to keep your team on your side, even in difficult times.
"The art of doing the unpopular lies in striking a balance, and mastering that art may become a necessity for more business leaders this year. Ominously, U.S. companies have cut more jobs so far in 2016 than at the same point in any year since 2009, says outplacement firm Challenger Gray & Christmas, and as markets stagnate, investors are... more
"One big reason for the decline? Teens are choosing not to work. 'Teens are not pursuing traditional summer jobs like they used to,' says Challenger. Instead, many of them are volunteering, enrolling in educational programs or doing other things that may pad their college applications, he explains.
"There are also fewer opportunities. 'Restaurants and retail outlets are still hiring teens, but... more
"Through the end of April, CEO departures at all U.S. companies increased by 11.3% from a year ago, according to executive-placement firm Challenger, Gray & Christmas. And executive-search firm SpencerStuart notes that 18 new CEOs took the helm of Standard & Poor’s 500 companies during the first three months of 2016, up from 14 during the same period last year. Gilead Sciences (... more
In the News...
- C-suite turnover trends lower nationwide; Austin energy exec departs
- Here's what your bonus might look like this year - The Boston Globe
- 80% of Companies Planning Holiday Parties, Scaling Them Down - Business Today
- Many companies giving bonuses this year, favoring cash over gifts
- 4 Reasons to Kill the Office Holiday Party—and One Reason to Save It
- Companies planning holiday parties — scaled-down versions, that is
- Lehman Brothers dead, but trader keeps fight alive for $83 million bonus
- Boom to bust: Biotech is now cutting jobs
- Amazon Is Hiring a Crazy Number of Seasonal Workers