Press Releases

Posted 5 years 2 months

Monthly job cuts plunged by more than 60 percent in August after surging to a four-year high in July on massive cuts in military staffing, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

Employers in the U.S. announced plans to shed 41,186 workers from payrolls last month, a 61 percent decline from the 105,696 layoffs in July. The July figure was the highest since September 2011, when monthly job cuts...

Posted 5 years 2 months

An improving job market may be one of the reasons start-up activity among job seekers remained flat in the first half of 2015. The other reason could be a lack of the some of the key ingredients needed to increase the chances of success.

Over the first two quarters of 2015, an average of 5.1 percent of job seekers started their own business, according to the latest job search statistics from global outplacement and coaching consultancy Challenger, Gray &...

Posted 5 years 3 months

As fantasy sports and, more specifically, fantasy football continue to grow in popularity, so might the financial impact on the nation’s employers. However, one workplace authority says companies should not crack down on workers managing their teams at the office, but instead embrace the fantasy fanaticism.

Over the 17 weeks of the NFL preseason and regular season, millions of Fantasy Football participants -- an estimated 66 percent of whom are employed full time...

Posted 5 years 3 months

Fewer teenagers were added to payrolls this summer, but overall employment among 16- to 19-year-olds still managed to reach the highest level in six years, according to a new analysis of government data.

Employment among teens increased by 1,160,000 during the three-month summer hiring season that stretches from May through July. The employment gain was 11 percent lower than 2014, when 1,297,000 teenagers were added to summer payrolls, according to global...

Posted 5 years 3 months

As Google prepares to shuffle chief executive officers in the wake of its just-announced reorganization, a new report reveals that July experienced the highest number of CEO changes in 18 months.

Turnover among the nation’s chief executive officers surged in July, with 128 CEOs announcing their departures during the month. That was up 26 percent from 102 in June, and represents the highest monthly total since 131 CEOs left their posts in January 2014,...

Posted 5 years 3 months

Monthly job cuts rocketed to the highest level in nearly four years, as U.S. employers announced plans to shed 105,696 workers from their payrolls in July, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The July total is 136 percent greater than the 44,842 job cuts recorded in June. It is 125 percent higher than the same month a year ago, when planned workforce reductions totaled 46,887. The...

Posted 5 years 4 months

A new survey shows that, on average, three in ten job seekers finding employment in the first half of 2015 changed industries. While that was down slightly from a year ago, the fact that nearly one-third of successful job seekers switched industries indicates that this is a viable strategy for those who continue to seek employment.

Between January 1 and June 30, an average of 29.9 percent of those finding new positions changed industries, according to a survey by...

Posted 5 years 4 months

The percentage of job seekers relocating for new positions declined in the first half of 2015, suggesting that as the recovery spreads, individuals are able to find better employment opportunities in their local market.

Over the first two quarters of the year, 10 percent of job seekers moved for new employment, according to the latest job search data from global outplacement consultancy Challenger, Gray & Christmas, Inc. That was down from an average of 15...

Posted 5 years 4 months

While the latest employment data show that summer job gains among teenagers were lower than a year ago, overall employment for this population is at its highest level since 2009. The seemingly contradictory data suggest that teenagers are finding employment throughout the year and are no longer relegated to summer jobs.

Employment among 16- to 19-year-olds increased by 609,000 in June, according to the latest non-seasonally adjusted data from the U.S. Bureau of...

Posted 5 years 4 months

The pace of chief executive officer departures surged in June, with nearly five new announcements each business day. The 102 changes recorded during the month, including notable exits at Boeing, Twitter, and Toys R, Us was the most since January, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

Last month’s total was up 13 percent from the 90 CEO exits announced in May. It marks just the second time this year that more than 100 departures were announced.

June turnover was virtually unchanged from a year ago, when...

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