Press Releases

Posted 6 years 4 months

Teens seeking summer jobs got off to a strong start in May, as employment among 16- to 19-year-olds grew by 217,000 in May. That was the biggest May employment gain for teenagers in eight years, according to an analysis of the latest employment data by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Last month’s employment gains among teens was a slight improvement over 2013, when 215,000 16- to 19-year-olds found jobs in May. The last...

Posted 6 years 4 months

Job cuts climbed to the highest level in more than a year, as US-based employers announced plans to reduce payrolls by 52,961 in May, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

May job cuts were up 31 percent from 40,298 announced layoffs in April. It was the second consecutive increase in monthly job cuts and the largest one-month total since February 2013, when 55,356 job cuts were recorded.

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Posted 6 years 5 months

Will Social Media History Trip Up College Graduates?
NEW SURVEY REVEALS HR EXECUTIVES’ VIEWS ON SOCIAL MEDIA ACTIVITY

For this year’s crop of college graduates, the use of social media is second nature. However, will these grads’ comfort with sharing their lives on Facebook, Twitter and Instagram come back to haunt them as they search for their first job? Not necessarily, according to one new survey.

In a poll of 100 human resources...

Posted 6 years 5 months

On the heels of Target’s May 5th announcement that chief executive officer Gregg Steinhafel will resign following a major data breach that left thousands of credit card numbers vulnerable, global outplacement consultancy Challenger, Gray & Christmas, Inc. reported 94 CEOs left their posts in April.

The April total was down 24 percent from the 123 CEO departures recorded in March and matched the number of CEO exits during the same month a year ago.

To...

Posted 6 years 6 months

EMPLOYERS ANNOUNCE 40,298 JOB CUTS; 2014 PACE STILL LOWEST SINCE 1997

Job cut announcements by U.S.-based firms were up 17 percent in April, as employers in retail and financial services continued to shed workers in a challenging business environment.

Employers announced plans to shed 40,298 workers from their payrolls in April, according to the monthly report released Thursday by global outplacement firm Challenger, Gray & Christmas, Inc. That was up...

Posted 6 years 6 months

Conditions are expected to improve for college graduates entering the job market this spring, as the economic recovery continues to gain momentum. In fact, nearly two out of three employers surveyed by a leading employment consulting firm plan to hire from among this year’s crop of 1.8 million grads.

In the survey conducted among 100 human resources professionals in early April by global outplacement and coaching consultancy Challenger, Gray & Christmas, Inc.,...

Posted 6 years 6 months

Turnover among the nation’s chief executive officers rose 9.8 percent in March, as 123 CEOs left their posts during the month. Last month’s departures brings the first-quarter total to 366, the most in a single quarter since 408 left their posts in the third quarter of 2008, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The quarterly total was 18.4 percent higher than the same period a year ago...

Posted 6 years 6 months


New figures released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. show employers announced the fewest first-quarter job cuts in 19 years, providing further evidence that the economy continues to gain strength as it enters the sixth year of recovery.

The first quarter closed with 34,399 March job cuts, the second lowest monthly total since January 2013. The only month to see fewer cuts during that period was December, when just...

Posted 6 years 7 months

After nearly five years of slow but steady job gains, the number of Americans out of work for six months or longer has remained stubbornly high. However, according to one employment authority, the jobs recovery is approaching a tipping point that could see a rapid acceleration of hiring among those who have been out of work the longest.

“There are now 30 states where unemployment rates have fallen to pre-recession levels. Many metropolitan areas have unemployment rates well below 5.0 percent and are struggling to find workers to fill job openings. These trends, along with new...

Posted 6 years 7 months

Turnover among the nation’s chief executive officers declined 14.5 percent in February, as 112 CEOs left their posts during the month. While last month’s total was down from 131 CEO departures in January, it was the heaviest February turnover since 2010 when 132 changes were recorded, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The February total was 1.8 percent higher than the same month a year...

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