Press Releases

Posted 2 months 3 weeks

Increased churn continues at the chief executive position, as employers at U.S.-based companies announced 159 chief executive officer changes, the highest monthly total on record, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 28% higher...

Posted 2 months 3 weeks

James E. Challenger, founder of the outplacement industry and champion of discharged workers, died on August 30th at his home outside Chicago. He was 93.

He was raised in Park Ridge, IL and graduated from Harvard in 1947 and Northwestern Law in 1951. In 1961, he was dismissed from his law firm position for taking time off. Though he found a new...

Posted 3 months 2 days

U.S.-based employers ramped up the pace of downsizing in August, as companies announced plans to cut 53,480 jobs from their payrolls. This is up 37.7% from July’s total of 38,845, according to the latest report on job cuts released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

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Posted 3 months 1 week

Despite some indicators pointing to a potential downturn, such as the slowdown in manufacturing and automotive, lower business investment, and waning market confidence, the labor market remains tight and companies everywhere are looking to attract and hire talent. This Labor Day, job seekers would be wise to map out a way to update their skills to align with the current skills shortage,...

Posted 3 months 3 weeks

Listening to podcasts at your desk, checking stats in meetings, and ranking priorities during a conference call are all things workers do in the office. However, in the weeks leading up to Labor Day, the weekend that traditionally kicks off draft season, these activities are all related to Fantasy Football. Employers should use the phenomenon to bring workers together,...

Posted 4 months 1 day

Turnover in the top position surged by 25% in July, as employers at U.S.-based companies announced 124 chief executive officer changes, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 32% higher than the 94 CEO exits announced in the same month last...

Posted 4 months 1 week

The pace of downsizing slowed in July, as U.S.-based employers announced plans to cut 38,845 jobs from their payrolls, down 7.5% from the 41,977 cuts announced in June, according to the latest report on job cuts released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

July marks...

Posted 4 months 3 weeks

Women are indeed gaining ground in the top spot at companies, but still fall well short of the rate of new male CEOs, according to a new analysis of CEO turnover data from Challenger, Gray & Christmas, Inc.

Of the 607 replacement CEOs recorded in the first half of 2019, 131, or 21.6%, were women. That is up from 18.6% female CEO replacements...

Posted 4 months 3 weeks

Personal devices are ubiquitous in 2019, and workers nationwide are using them in their professional lives. This use of personal devices and employers’ expectations that their employees be available outside of work hours introduces a host of new problems for both employees and employers, including increased stress levels and privacy concerns, according to one workplace authority.

Bring Your Own Device (BYOD) policies have become increasingly...

Posted 5 months 1 hour

Turnover in the top position fell in June, as employers at U.S.-based companies announced 99 chief executive officer changes, 13% lower than the 114 CEO changes announced in May, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 10% higher than the 90...

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