Press Releases

Posted 6 years 9 months

Announced job cuts fell to the lowest level of the year in December as U.S.-based employers reported plans to reduce payrolls by 30,623 during the month. That was down 32 percent from a November total of 45,314. For the year, job cuts were down about 3.0 percent from 2012, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The December total was six percent lower than the...

Posted 6 years 9 months

Job Seekers More Confident in New Survey
1 IN 4 FEEL NEW JOB IS WITHIN 3 MONTHS; BUT JOB-SEARCH CHALLENGES PERSIST

As the economy and job market continue to regain strength, job seekers are slowly becoming more confident, as evidenced by a survey of callers to an annual job-search advice hotline, 63 percent of whom believed they would find new employment in under six months. That was up from 55 percent who said the same a year ago.

While confidence is on the rise, the problem of long-term unemployment persists. More than one-third (36 percent) of callers said they had...

Posted 6 years 10 months

Telecommuting Ban, Twitter, & TerminalGate
CHALLENGER LISTS THE TOP WORKPLACE STORIES OF 2013

As the year comes to a close, global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. presents some of the most outrageous, unbelievable, and compelling workplace stories of the year. Challenger, which released the compilation Monday, remembers Yahoo’s major decision, government impasses and how the climate has impacted jobs.

TOP 10 UNBELIEVABLE WORKPLACE STORIES OF 2013

10) Yahoo drops telecommuting, February –Yahoo! Inc. announced...

Posted 6 years 10 months

While survey after survey indicate that more Americans plan to continue working well into their retirement years, employers counting on that may still find themselves shorthanded if they fail to gauge potential retirement activity in their own organization.

“Simply because more workers expect to remain employed beyond the traditional retirement age of 65 does not mean they will. Nor does it mean that they will stay with their current employer. With the leading edge of the Baby Boomer generation reaching age 68 in 2014, it is critical that companies understand their exposure to...

Posted 6 years 10 months

How Are Companies Handling Retirements?
While survey after survey indicates that more Americans plan to continue working well into their retirement years, employers counting on that may still find themselves shorthanded if they fail to gauge potential retirement activity in their own organization.

"Simply because more workers expect to remain employed beyond the traditional retirement age of 65 does not mean they will. Nor does it mean that they will stay...

Posted 6 years 10 months

After four consecutive months in which departures among the nation’s chief executive officers totaled more than 100, the pace of turnover declined somewhat in November, with 94 CEOs announcing their exits during that month. That is 9.6 percent fewer than the 104 who left their post in October, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

November CEO departures were down 16.1 percent from the same month a year ago when 112 were recorded. Challenger has now tracked 1,147 CEO changes so far this year, 3.2 percent...

Posted 6 years 10 months

After getting off to its strongest start in 14 years, the pace of holiday hiring in November slipped below last year’s level, suggesting that retailers may be reining in expectations for a bountiful Christmas selling season.

Retail employment expanded by 471,000 in November, which is down 4.7 percent from a year ago, when retailers hired a record 494,400 workers, according to an analysis of the Bureau of Labor Statistics’ non-seasonally adjusted employment data by global outplacement firm Challenger, Gray & Christmas, Inc.

In addition to the November decline, the retail...

Posted 6 years 10 months

Job cuts were virtually unchanged in November, as U.S.-based employers announced plans to shed 45,314 workers from their payrolls. That marks a decline of just 0.9 percent from the 45,730 planned job cuts announced in October, according to the latest report on monthly job cuts released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

November job cuts were 21 percent lower than the same month a year ago, when planned layoffs totaled 57,081; the second highest monthly total in 2012. This marks the second consecutive month that job cuts came in...

Posted 6 years 11 months

Holiday hiring got off to its strongest start in 14 years, as retail employment grew by 159,500* in October, according to an analysis of the latest Bureau of Labor Statistics data by global outplacement firm Challenger, Gray & Christmas, Inc.

The 159,500 net new jobs in retail last month marks a 6.7 percent increase from October 2012, when retailers increased their payrolls by 149,400. It was the most new hires in the first month of the annual holiday hiring period since 1999, when retail employment expanded by 172,200 in October.

The strong start bodes well for a...

Posted 6 years 11 months

Turnover among the nation’s chief executive officers declined slightly in October as 104 planned CEO departures were reported, down 2.8 percent from the 107 in September, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The October total was down 3.7 percent from the same month a year ago when 108 were recorded. Challenger has now tracked 1,053 CEO changes so far this year, 5.3 percent more than the 999 departures announced in the first ten months of 2012.

Due to continued changes in the health care landscape,...

Pages