Press Releases

Posted 2 weeks 18 hours

The pace of chief executive officer departures continue to slow in July as 92 CEOs left their posts. That was down 5 percent from 97 in June and 28 percent lower than the 128 who left their posts in July of last year, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

For the year, 716 CEOs have left their posts, exactly the number who left through July last year.

July CEO departures were led by...

Posted 2 weeks 2 days

With strong hiring in June and July, the number of teenagers finding summer employment in 2016 increased by more than 15 percent to its highest level since 2013, according to an analysis of government data by global outplacement firm Challenger, Gray & Christmas, Inc.

Employment among teens increased by 1,339,000 between May and July. That was 15.4 percent more than a year ago, when 1,160,000 16- to 19-year-olds were added to the employment rolls.

The...

Posted 3 weeks 7 hours

The pace of layoffs ticked up in July, as employers announced plans to shed 45,346 workers from their payrolls. That represents a 19 percent increase from 38,536 job cuts in June, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

It was the second consecutive increase in monthly job cuts, as the June total was up 28 percent from May, when planned layoffs fell to a five-month low of 30,157.

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Posted 3 weeks 1 day

The percentage of job seekers moving for new employment increased slightly in the first half of 2016, according to new data released by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The rise in relocation may be an indication that worsening labor shortages in certain regions are forcing employers to find out-of-town candidates, according to the firm.

Over the first two quarters of 2016, an average of 11.3 percent of job seekers...

Posted 1 month 6 days

NEARLY 700,000 TEENS FIND JOBS; HIGHEST GAINS SINCE 2013
The number of teenagers finding summer jobs surged in June, as employment among 16- to 19-year-olds increased by 691,000. It was the biggest June job gain for teens since 2014, according to tracking by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 691,000 employment gains recorded last month represents a 13 percent improvement over June 2015, when 609,000...

Posted 1 month 1 week

The pace of chief executive officer departures slowed to the lowest level since February, as 97 CEOs left their posts in June. That was down 3 percent from 100 in May and 5 percent from the 102 who left their posts in June of last year, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

For the quarter, departures totaled 305, 4.7 percent fewer than the preceding quarter, when 319 CEOs left their posts...

Posted 1 month 2 weeks

Employers announced plans to cut payrolls by 38,536 jobs in June, an increase from May, but still well below the 12-month average and indicative of a positive employment environment, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
The June job-cut total is 28 percent higher than May, when planned layoffs fell to a five-month low of 30,157.

“Job cut announcements were up last...

Posted 1 month 4 weeks

Whether it’s called the gig economy, the sharing economy or freelance nation, the way a growing number of Americans are piecing together a living is leading to a new employment landscape; one in which the concepts of work and the workplace are being entirely redefined.

A new outlook from the employment authorities at global outplacement consultancy Challenger, Gray & Christmas, Inc., predicts that the arrival of platforms like Uber, AirBnB, and Spinlister, along...

Posted 2 months 3 days


On the surface, some of the recent economic data might look like the recovery is stalling, but the trends, in fact, may be the result of the shrinking pool of available talent.

The Bureau of Labor Statistics monthly employment situation report was received with much trepidation, as job creation slowed to just 38,000 new jobs on employer payrolls. However, as pointed out by Bloomberg News (...

Posted 2 months 5 days

As the economy and employment situation continue to improve, job seekers are finding better jobs and finding them more quickly. Now, after years of underemployment or being “stuck” in undesirable jobs, there is mounting evidence that, despite the risks and challenges, a growing number of Americans are seeking employment while employed.

The latest evidence of the employed job search comes from global outplacement consultancy Challenger, Gray & Christmas, which...

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