Press Releases

Posted 2 days 22 hours

Thirty percent of employers chose to cut pay in response to the COVID-19 pandemic. Of those, more than half (55%) reported the cuts allowed them to avoid layoffs, according to a new survey released Thursday by global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc.

The survey was...

Posted 6 days 7 hours

Job cuts announced by U.S.-based employers hit 1,238,364 in the second quarter, the highest quarterly total on record, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

June job cuts totaled 170,219, down 57% from May’s total of 397,016, and up...

Posted 1 week 23 hours

As the country moves into month five of the 2020 COVID recession, 39.4% of job seekers report they believe it will last ten to 12 months, 24.2% say it will last more than one year, and another 9% believe it will last roughly two years, according to a new survey released Monday from global outplacement and executive and business coaching firm Challenger...

Posted 2 weeks 2 hours

An outpouring of companies has publicly embraced anti-racism and reinforced the Black Lives Matter movement in the aftermath of the death of George Floyd and subsequent weeks-long national protests. According to a new survey released Tuesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc., 85.3% of...

Posted 2 weeks 6 days

New college grads are entering the job market during a confirmed recession, according to the National Bureau of Economic Research, as the unemployment rate for the nation hit 13.3% in May. Looking at past recessions, this does not bode well for these workers’ overall career trajectories in terms of average wages and available jobs, according to one workplace...

Posted 3 weeks 6 days

Turnover in the top position accelerated in May, as employers at U.S.-based companies announced 83 chief executive officer changes, 73% higher than the 48 CEO changes announced in April, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Despite the...

Posted 4 weeks 1 day

Are Teens the Big Job Gainers in May Jobs Report?
TEENS GAIN 594,000 JOBS IN MAY AFTER LOSING 1.7M IN APRIL

The latest employment situation report from the Bureau of Labor Statistics (BLS) showed the economy gaining a surprising 2.5 million jobs after many economists and experts expected another month of losses. According to an analysis of non-seasonally adjusted data...

Posted 1 month 1 day

The economy gained back 2.5 million jobs in May, primarily from workers going back to jobs, according to the most recent Employment Situation released Friday from the Bureau of Labor Statistics (BLS), after falling by 20.5 million jobs in April. Nearly 22 million Americans are out of work, according to those receiving weekly unemployment benefits, and job cuts...

Posted 1 month 3 days

Job cuts announced by U.S.-based employers totaled 397,016 in May, down 40.8% from April’s total of 671,129, the highest monthly total on record. Despite the drop, last month’s total is the second highest monthly total on record since global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. began tracking job...

Posted 1 month 6 days

Business attire has a new component during the COVID-19 pandemic. Face masks are available in every conceivable pattern and color these days. In fact, Forbes reports fashion designers are creating masks to accentuate their high-style collections, and many retailers and manufacturers are pivoting to making masks to not only help with the shortage, but also to keep their businesses...

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