Press Releases

Posted 4 years 7 months

As President Obama lauded the state of the economy and growth of the job market during last week’s State of the Union address, a new survey shows that job seekers are not nearly as optimistic, with only 28 percent believing they can find new employment inside of three months.

Despite significant improvements in the job market in 2014, the percentage of job seekers confident about a short transition changed little from the previous year, when 23 percent said a new...

Posted 4 years 8 months

While the number of overall job cuts declined in 2014 to the lowest level since 1997, planned workforce reductions in the technology sector trended in the opposite direction, rising to the largest year-end total since 2009.

Employers in the technology sector announced a total of 100,757 job cuts in 2014. That was up 77 percent from 56,918 in 2013, according to a semi-annual report on tech layoffs released Monday by global outplacement firm Challenger, Gray &...

Posted 4 years 8 months

Turnover among the nation’s chief executive officers reached a six-year high in 2014, as 1,341 vacated their posts during the year, according to the year-end report on announced CEO departures released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 2014 total was 7.6 percent higher than the 1,246 CEO departures tracked in 2013. It was the largest number of CEO changes since 2008, when 1,484 chief executives announced their...

Posted 4 years 8 months

After a record-breaking hiring spree in October, seasonal employment gains in retail fizzled in November and December, with employers adding 23,000 fewer workers than during the same two-month period a year earlier. To make matters worse, it appears that several retailers are now implementing heavy job-cut initiatives to start the year.

Retail employment increased by 603,200 in November and December. That was down 4.0 percent from the 626,200 workers added during...

Posted 4 years 8 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 4 years 9 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 4 years 9 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 4 years 9 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 4 years 9 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 4 years 9 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....

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