Press Releases

Posted 5 years 10 months

Turnover among the nation’s chief executive officers surged 32.3 percent in January to its highest level in nearly four years. A total of 131 CEOs left their posts during the month, up from 99 in December, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The January total was 15.9 percent higher than the same month a year ago when 113 CEO exits were announced. It was the highest monthly total since...

Posted 5 years 10 months

After falling to a 13-year low in December, monthly job cuts surged nearly 50 percent to kick off 2014, as U.S.-based employers announced plans to reduce their payrolls by 45,107 in January, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The 45,107 job cuts last month were 47 percent higher than a December total of 30,623, which was the lowest one-month total since 17,241...

Posted 5 years 10 months

After climbing to a three-year high in 2012, planned job cuts announced by firms in the technology sector declined by 32 percent in 2013 as employers focused on hiring in several growing areas, including big data, cloud computing and security, according to a semi-annual report on tech layoffs released Monday by global outplacement firm Challenger, Gray & Christmas, Inc.

United States-based employers in the computer, electronics and telecommunications industries...

Posted 5 years 11 months

Departures among the nation’s chief executive officers ticked up in December as 99 CEOs left their posts during the month. That is 5.3 percent more than the 94 CEO departures recorded in November, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The December total was down 4.0 percent from the same month a year ago when 103 CEO exits were announced. Over the final three months of 2013, 297 CEO...

Posted 5 years 11 months

2013 Holiday Retail Hiring Highest Since 1999
DECEMBER HIRING SURGE LIFTS HOLIDAY HIRING TO 14-YEAR HIGH

Despite tepid sales gains and lower store traffic this holiday season, retail employment grew by a better-than-expected 801,100 jobs over the final three months of the year, making it the strongest holiday hiring period since 1999, according to an analysis of government employment data by global outplacement consultancy Challenger, Gray & Christmas, Inc...

Posted 5 years 11 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 5 years 11 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 5 years 11 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 5 years 12 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 5 years 12 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...

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