Press Releases

Posted 5 years 9 months

Job cuts declined for a second consecutive month in December, as U.S.-based employers announced plans to reduce payrolls by 32,640. It was the third lowest monthly total of 2014; a year that saw the fewest planned job cuts since 1997, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

December job cuts were down 9.2 percent from 35,940 planned layoffs in November. Despite the decline, last month’s total was...

Posted 5 years 10 months

While the vast majority of Americans will never see anywhere near the level of year-end bonus lavished upon Wall Street bankers, a new survey shows that nearly 80 percent of employers plan to offer some type of holiday bonus or gift this year.

In the survey, 78 percent of respondents said their companies are offering a year-end gift/bonus. That was up from 53 percent a year ago, according to global outplacement consultancy Challenger, Gray & Christmas, Inc.,...

Posted 5 years 10 months

Turnover among the nation’s chief executive officers fell sharply in November as 103 planned CEO departures were reported, 15.6 percent fewer than the 122 recorded in October, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The November total was up 9.6 percent from the same month a year ago when 94 CEO departures were announced. This marks the eighth month in which CEO changes outpaced the same...

Posted 5 years 10 months

While the pace of job creation has accelerated significantly over the last year, it is, by no means, “easy” to find new employment. To help those struggling to land a job, global outplacement consultancy Challenger, Gray & Christmas, Inc. will suspend normal business operations for two days so that its staff of professional job-search coaches can provide free advice to callers from across the country.

The firm’s 29th annual two-day national job-search call-in...

Posted 5 years 10 months

Bolstered by an economy that has made significant strides over the last year and healthy corporate profits, a new survey shows that more the nation’s employers are ready to break out the party hats this holiday season.

In a survey among approximately 100 human resources professionals, 89 percent said their companies are planning holiday or year-end parties this year. That is up from 82 percent in 2012 and 68 percent in 2011, according to Challenger, Gray &...

Posted 5 years 11 months

Downsizing activity by U.S.-based employers declined by 30 percent in November, with 35,940 planned job cuts announced during the penultimate month of 2014, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The November slowdown comes just one month after job cuts surged 70 percent to 51,183 in October. The November total was 21 percent lower than the 45,314 job cuts announced the same month a year ago....

Posted 5 years 11 months

Turnover among the nation’s chief executive officers remained virtually unchanged in October as 122 planned CEO departures were reported, 1.6 percent fewer than 124 September, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The October total was up 17.3 percent from the same month a year ago when 104 were recorded. This marks the seventh month in which CEO changes outpaced the same month last year....

Posted 5 years 11 months

In preparation for what is hoped to be the strongest holiday shopping season since the recession ended, retailers went on a hiring spree last month, adding more workers than they ever have in October.

Last week’s employment report from the Bureau of Labor Statistics revealed that retail employment grew by non-seasonally adjusted 180,600 in October. That is the largest net increase on record for the month since the agency began tracking industry employment in 1939,...

Posted 5 years 11 months

Just one month after falling to a 14-year low, monthly job cuts surged nearly 70 percent in October to the second highest total this year, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

U.S.-based employers announced 51,183 job cuts last month, a 68-percent increase from September’s 30,477, which was the lowest monthly total since June, 2000 (17,241). October job cuts were 12 percent higher than the 45,...

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