Press Releases

Posted 5 years 4 months

Job cuts increased by about 10 percent in June, as employers announced plans to reduce payrolls by 44,842 workers during the month. Meanwhile, heavier-than-expected downsizing throughout the first half of 2015 pushed the midyear total to its highest level since 2010, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

June job cuts were 9.3 percent higher than the 41,034 planned layoffs...

Posted 5 years 5 months

Are we just a handful of years away from a world ruled by the machines, a la The Terminator? Doubtful, according to employment authority John A. Challenger, chief executive officer of global outplacement firm Challenger, Gray & Christmas, Inc. However, he does warn that some jobs are at higher risk of complete automation; and, it may not necessarily be a bad thing, in some cases.

“It may seem, at times, that robots, computers and other technological...

Posted 5 years 5 months

Turnover among the nation’s chief executive officers declined in May, as 90 CEOs announced their departures during the month. That was down 7.2 percent from 97 in April, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The May total was 8 percent lower than the same month a year ago, when CEO departures reached 98. So far this year, 486 CEO changes have been announced, 13 percent fewer than the 558 CEO...

Posted 5 years 5 months

Summer Job Market Off to Slower Start for Nation’s Teens

182,000 TEENS FOUND JOBS LAST MONTH, 16% FEWER THAN A YEAR AGO

The number of teens finding jobs in May was down from the previous two years. However, if history is any indication, the decline does not necessarily indicate that the 2015 summer job market will be a bust for the nation’s 16- to 19-year-olds, according to an analysis by global...

Posted 5 years 5 months

Today’s employment situation report from the U.S. Bureau of Labor Statistics was overall very positive. Employer payrolls increased by 280,000 and while the unemployment rate edged up slightly to 5.5 percent, the uptick was attributed to more Americans re-entering the labor force due to increased confidence about finding employment.

Despite some ups and downs in job creation,...

Posted 5 years 5 months

After reaching a three year high in April, planned job cuts announced by U.S.-based firms declined sharply in May, falling by 33 percent to 41,034, according the latest report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The latest tally on employer downsizing activity comes on the heels of the 61,582 planned job cuts announced in April. That was the highest monthly total since 61,887 layoffs were recorded in May 2012....

Posted 5 years 6 months

Are Pay Scales Ready to Tip?
AS UNEMPLOYMENT FALLS TOWARD 5.0%, ONE EXPERT SAYS SALARIES HAVE NOWHERE TO GO BUT UP

As the economy continues to improve and the unemployment rate continues to drop, many are wondering when wages will see improvement. While wages have been slow to recover, a new outlook from global outplacement consultancy Challenger, Gray & Christmas indicates that wages, which are typically the last...

Posted 5 years 6 months

Turnover among the nation’s chief executive officers remained virtually unchanged in April, as 97 CEOs announced their departures during the month, compared to 95 in March, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The April total was 3 percent higher than the same month a year ago, when CEO departures reached 94. So far this year, 396 CEO changes have been announced, 14 percent fewer than the 460 CEO...

Posted 5 years 6 months

Falling oil prices contributed to a 68 percent surge in job cuts last month, as US-based employers announced workforce reductions totaling 61,582 in April, up from 36,594 in March, according to the latest report on monthly layoffs released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The April total was 53 percent higher than the same month a year ago, when 40,298 planned job cuts were recorded. It represents the highest monthly...

Posted 5 years 6 months

This year’s crop of college graduates should find welcoming conditions as they enter the entry-level job market, according to a new just-released forecast from outplacement consultancy Challenger, Gray & Christmas, Inc.

Rising demand for talent in finance, business administration, technology and health care have led to a significant decline in unemployment among recent grads over the last year. That decline is expected to continue for the more than 1.8 million...

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