Press Releases

Posted 2 months 4 weeks

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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Posted 2 months 4 weeks

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...

Posted 3 months 4 days

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...

Posted 3 months 5 days

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....

Posted 3 months 1 week

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...

Posted 3 months 2 weeks

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.

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Posted 3 months 3 weeks

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.

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Posted 3 months 3 weeks

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...

Posted 3 months 4 weeks

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...

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