Press Releases

Posted 4 years 7 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 7 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....

Posted 4 years 8 months

Turnover among the nation’s chief executive officers remained virtually unchanged in October as 122 planned CEO departures were reported, 1.6 percent fewer than 124 September, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The October total was up 17.3 percent from the same month a year ago when 104 were recorded. This marks the seventh month in which CEO changes outpaced the same month last year....

Posted 4 years 8 months

In preparation for what is hoped to be the strongest holiday shopping season since the recession ended, retailers went on a hiring spree last month, adding more workers than they ever have in October.

Last week’s employment report from the Bureau of Labor Statistics revealed that retail employment grew by non-seasonally adjusted 180,600 in October. That is the largest net increase on record for the month since the agency began tracking industry employment in 1939,...

Posted 4 years 8 months

Just one month after falling to a 14-year low, monthly job cuts surged nearly 70 percent in October to the second highest total this year, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

U.S.-based employers announced 51,183 job cuts last month, a 68-percent increase from September’s 30,477, which was the lowest monthly total since June, 2000 (17,241). October job cuts were 12 percent higher than the 45,...

Posted 4 years 9 months

Flu, Not Ebola, Poses Biggest Threat to Workplace Productivity
EVEN AN AVERAGE FLU SEASON CAN COST EMPLOYERS BILLIONS

With the country’s attention focused on the Ebola virus, many American’s may overlook the fact that we are entering flu season. And, while it is impossible to predict how this flu season will compare to previous years, one thing is certain: employers nationwide are likely to see millions of lost work days and billions of dollars in lost...

Posted 4 years 9 months

Turnover among the nation’s chief executive officers rose slightly in September as 124 planned CEO departures were reported, up 4.2 percent from the 119 in August, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The September total was up 15.8 percent from the same month a year ago when 107 were recorded. This marks the sixth month in which CEO changes outpaced the same month last year.

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Posted 4 years 9 months

Monthly job cuts fell to their lowest level in 14 years in September, as U.S.-based employers announced workforce reductions totaling 30,477 during the month. As the fourth quarter begins, 2014 is on pace to be the lowest job-cut year since 1997.

The September total plunged 24 percent from the 40,010 job cuts announced in August, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc. It was also 24 percent...

Posted 4 years 10 months

Continued employment gains across all industries and increased consumer spending are expected to boost demand for seasonal workers this year, according to global outplacement consultancy Challenger, Gray & Christmas, Inc. The positive outlook was bolstered by the news that UPS plans to add 95,000 seasonal workers this year, nearly doubling last year’s level.

In its annual holiday hiring forecast, Challenger expects seasonal employment gains in the retail sector...

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