Press Releases

Posted 5 years 10 months

Turnover among the nation’s chief executive officers surged to the highest level in more than three years last month as 128 announced their departures. The July total was up 36 percent from the 94 CEO exits recorded in June, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

July departures increased 54.2 percent from a year ago, when 83 CEO changes were recorded. It was the highest monthly total since February 2010, when 132 CEOs left their posts.

Challenger has now tracked 729 CEO...

Posted 5 years 10 months

After getting off to its strongest start in seven years, the pace of teen hiring in June and July declined from last year’s levels, as a slowdown in economic activity provided little reason to grow payrolls. Overall, teen employment gains during the three-month summer hiring season were down 3.0 percent from 2012, according to an analysis of government employment data by global outplacement consultancy Challenger, Gray & Christmas, Inc.

A Challenger analysis of just-released data from the Bureau of Labor Statistics found that employment among 16- to 19-year-olds grew by 1,355,...

Posted 5 years 10 months

Job cuts declined slightly in July, as employers announced plans to reduce payrolls by 37,701 workers, down 4.2 percent from 39,372 planned layoffs in June, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Last month’s total was 2.3 percent higher than a year ago, when 36,855 planned job cuts were recorded. Employers have now announced 296,633 job cuts since January 1, which is 7.3 percent fewer than the 319,946 job cuts announced in the first seven months of 2012. At the current pace of...

Posted 5 years 10 months

Planned job cuts rose slightly in June, as employers announced workforce reductions totaling 39,372 during the month, up 8.2 percent from 36,398 in May. While job cuts were up last month, the pace of downsizing through the first half of the year is down about nine percent from a year ago, according to the latest report on monthly job cuts released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Led by increased job cuts in the computer and education sectors, June was 4.8 percent higher than the same month a year ago, when employers announced 37,...

Posted 5 years 11 months

The number of chief executive officer departures totaled 94 in June, down 9.6 percent from 104 in May and 5.0 percent lower than the 99 departures recorded in the same month last year, according to the latest report on CEO turnover released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

June marked the end of a slightly less active quarter for CEO turnover. For the three-month period ending June 30, a total of 292 CEO departures were announced, a 10 percent decline from the 309 departures announced in the first quarter. The second quarter total...

Posted 5 years 11 months

Despite the potential for increased costs and more regulatory red tape, 82 percent of companies recently surveyed by global outplacement consultancy Challenger, Gray & Christmas, Inc. plan to continue providing health care coverage to their workers when the employee mandate provision of the Affordable Care Act goes into effect on January 1, 2014.

Surprisingly, none of the 100 human resources executives surveyed by Challenger said that their companies plan to...

Posted 6 years 1 week

Monthly job cuts declined for the third consecutive month in May, as U.S.-based employers announced plans to trim payrolls by 36,398 during the month, 4.5 percent fewer than 38,121 cuts in April. The May total was 41 percent lower than the same month a year ago, when employers slashed payrolls by 61,887, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

To date, the nation’s employers have announced 219,560 planned job cuts in 2013. That is down 11 percent from the 245,540 planned cuts announced in the first five months...

Posted 6 years 1 month

Rising quit rates and fewer job seekers vying for open positions could signal a return to the types of labor shortages that plagued employers during the dot.com boom. While widespread talent shortages are probably five to ten years away, some regions and industries already may be feeling the pinch, according to the workplace authorities at global outplacement consultancy Challenger, Gray & Christmas, Inc.

“With 11.6 million Americans still unemployed as of April...

Posted 6 years 1 month

Job cuts fell to their lowest level since December, as U.S. employers announced plans to trim payrolls by 38,121 in April, according to the latest report on downsizing activity released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

April job cuts were 23 percent lower than March, when announced layoffs totaled 49,255. They were 6.0 percent lower than the 40,559 planned job cuts announced in April 2012. April represents the lowest job-cut month since last December, when 32,556 were tracked by Challenger.

Through the first four months of...

Posted 6 years 2 months

The nation’s employers reported job cuts totaling 49,255 in March, a decline of 11 percent from the 55,356 cuts announced in February, according to the latest report on downsizing activity released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. Despite the decline, quarterly job cuts reached their highest level since 2011.

March job cuts were 30 percent higher than a year ago, when employers announced plans to shed 37,880 workers from their payrolls. This marks the second consecutive month and the fourth time in the last six months that the job-...

Pages