Press Releases

Posted 1 week 1 day

Churn in the C-Suite slowed in September, but remained well above average, as companies announced 151 chief executive exits, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 5% lower than the 159 CEO exits announced in August, the...

Posted 2 weeks 14 hours

Job cuts announced by U.S.-based employers fell to 41,557 in September, 22.3% lower than the 53,480 announced in August. This is the second lowest monthly total in 2019, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 24.8% lower than the 55,285...

Posted 4 weeks 8 min

Despite a record number of hiring announcements for the holiday season last year, Retailers added the lowest number of jobs since 2009, 625,600 in the final quarter of 2018, according to an analysis of non-seasonally adjusted data from the Bureau of Labor Statistics (BLS) by global outplacement and executive and business coaching firm Challenger, Gray...

Posted 1 month 21 hours

Increased churn continues at the chief executive position, as employers at U.S.-based companies announced 159 chief executive officer changes, the highest monthly total on record, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 28% higher...

Posted 1 month 4 days

James E. Challenger, founder of the outplacement industry and champion of discharged workers, died on August 30th at his home outside Chicago. He was 93.

He was raised in Park Ridge, IL and graduated from Harvard in 1947 and Northwestern Law in 1951. In 1961, he was dismissed from his law firm position for taking time off. Though he found a new...

Posted 1 month 1 week

U.S.-based employers ramped up the pace of downsizing in August, as companies announced plans to cut 53,480 jobs from their payrolls. This is up 37.7% from July’s total of 38,845, according to the latest report on job cuts released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

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Posted 1 month 2 weeks

Despite some indicators pointing to a potential downturn, such as the slowdown in manufacturing and automotive, lower business investment, and waning market confidence, the labor market remains tight and companies everywhere are looking to attract and hire talent. This Labor Day, job seekers would be wise to map out a way to update their skills to align with the current skills shortage,...

Posted 2 months 2 days

Listening to podcasts at your desk, checking stats in meetings, and ranking priorities during a conference call are all things workers do in the office. However, in the weeks leading up to Labor Day, the weekend that traditionally kicks off draft season, these activities are all related to Fantasy Football. Employers should use the phenomenon to bring workers together,...

Posted 2 months 1 week

Turnover in the top position surged by 25% in July, as employers at U.S.-based companies announced 124 chief executive officer changes, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 32% higher than the 94 CEO exits announced in the same month last...

Posted 2 months 2 weeks

The pace of downsizing slowed in July, as U.S.-based employers announced plans to cut 38,845 jobs from their payrolls, down 7.5% from the 41,977 cuts announced in June, according to the latest report on job cuts released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

July marks...

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