Press Releases

Posted 4 months 1 week

Retailer Pier 1 Imports announced it would close all remaining 540 stores and try to find a buyer for its online business. It follows bankruptcy announcements from JC Penney, J. Crew, and Neiman Marcus.

"Retail has been undergoing technological updates, shifting consumer behavior and low foot traffic over the last three years that has led to...

Posted 4 months 2 weeks

ESPN’s new ten-part documentary series on the Michael Jordan-era Chicago Bulls, The Last Dance, includes plenty of 90s nostalgia, good music, and incredible basketball, but also important lessons for employers nationwide on leadership, culture, and talent management, according to one workplace authority.

“Any organization strives to foster a collaborative culture and encourage growth and...

Posted 4 months 2 weeks

Chief Executive Officer turnover plunged to 48 exits in April, the lowest monthly total since 46 departures were recorded in November 2004, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

April’s total is 51% lower than the 97 CEO exits that were...

Posted 4 months 2 weeks

Quarantine due to the COVID-19 pandemic thrust millions of people into an unwelcome, frightening employment situation. Those who found themselves instantly unemployed never could have guessed that this is what they would face in spring 2020. Still others were anticipating a promotion that has now been put on hold indefinitely.

Candidates for some top positions have found...

Posted 4 months 3 weeks

Job cuts announced by U.S.-based employers spiked to 671,129, the highest single-month total on record. Challenger began tracking job cut announcements in January 1993. Last month’s total was primarily due to the COVID-19 pandemic, which was cited as the reason for 633,082 job cuts, according to a monthly report released Thursday from global outplacement and business...

Posted 5 months 2 days

As companies create and enact plans to reopen worksites safely and consider the serious public health implications this will have on their workers, vendors, and customers, many Human Resources professionals are also pondering what the new normal will look like in the coming months and years. Likely, the precautions put in place now and during the gradual return to work will...

Posted 5 months 1 week

The nearly 4 million students estimated to graduate with a degree this year, according to EducationData.org, expected to enter into one of the tightest labor markets in recent history, but the onset of the Coronavirus pandemic and subsequent statewide shutdowns costing millions of jobs have sent the country into a likely recession. College grads could fare well in this...

Posted 5 months 1 week

As the Trump Administration releases guidelines for reopening the economy, Human Resources executives nationwide are contemplating when and how they will reopen work sites. The majority will keep their COVID plans, which include working from home and closing non-essential businesses, in place until experts agree it is safe, while 24% plan for the crisis to...

Posted 5 months 3 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 5 months 3 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...

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