Press Releases

Posted 4 years 3 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 4 years 3 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...

Posted 4 years 4 months

An improving economy and falling unemployment should significantly improve the job prospects for the nation’s teens this summer; at least, for the declining number of teens who actually want jobs.

In its annual teen summer job outlook, global outplacement consultancy Challenger, Gray & Christmas, Inc. noted that employment among 16- to 19-year-olds is currently at its highest non-summer level since 2009 and is expected to increase as school lets out and seasonal...

Posted 4 years 4 months

As Marco Rubio and Hillary Clinton join other early entrants in the 2016 presidential race, one employment authority warns that divisive campaign politics could leak into the workplace and adversely impact productivity and morale.

“While the 2016 election is still more than a year-and-a-half away, hopefuls are announcing their candidacy and the political rhetoric is already getting heated. The campaign fervor can easily spill over into the workplace, as supporters...

Posted 4 years 4 months

While turnover among the nation’s chief executive officers remained virtually unchanged in March, with 95 CEO departures compared to 94 the previous month, first-quarter departures were down 18 percent from the same period last year, according to the latest report from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The March total was 22.8 percent lower than the same month a year ago, when CEO departures reached 123. So far this year, 299 CEO...

Posted 4 years 4 months

Stresses of the job search often include, and indeed begin with, questions about the resume. Is it too long? Should I include work experience from my college days, former salary, or LinkedIn profile?
With so much conflicting advice, it can be difficult to know where to begin, but a new survey of those making the hiring decisions may provide some much-needed insight.

The survey, conducted among more than 150 recruiters nationwide by global outplacement firm...

Posted 4 years 4 months

Following two consecutive months of job cuts in excess of 50,000, the pace of downsizing slowed significantly in March, as US-based employers announced plans to trim payrolls by 36,594 during the month, according to new figures released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The March total was 27.6 percent lower than the 50,579 job cuts in February. It was the lowest monthly total since December, when 32,640 were...

Posted 4 years 5 months

  • Improving economy not leading to surge in self-employment.

  • On average, just 5% of out-of-work managers and executives started their own business in 2014.

  • Government data reveals similar ambivalence over entrepreneurship.

Despite an improving economy and better conditions for starting a business, a new survey shows that the majority of job...

Posted 4 years 5 months

Turnover among the nation’s chief executive officers declined in February, as 94 CEO departures were announced during the month. That was down 14.5 percent from 110 in January, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The February total was 16.1 percent lower than the same month a year ago, when CEO departures reached 112. So far this year, 204 CEO changes have been announced. This is the...

Posted 4 years 5 months

The main action for the 2015 NCAA men’s basketball tournament gets underway Thursday, March 19, but the viral phenomenon known as March Madness officially sets in on Monday, March 16. That is when workers across the country begin clogging the company internet with efforts to craft a winning bracket for their workplace and non-workplace betting pools.

It is estimated that more than 60 million Americans fill out tournament brackets. Many of these individuals,...

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