Press Releases

Posted 7 months 1 week

Job Cut Announcements Due to COVID-19 Begin. Through the morning of March 12th, U.S.-companies have announced 633 job cuts specifically tied to the outbreak of novel coronavirus, according to tracking from global outplacement and executive and business coaching Challenger, Gray & Christmas, Inc.

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Posted 7 months 2 weeks

Chief Executive Officer turnover fell 42%, from the record 219 who left their posts in January to 128 in February. Last month’s total is 3% higher than the same month last year, when 124 CEOs left their posts, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray...

Posted 7 months 2 weeks

Last week, India-based hotel partner start-up Oyo Hotels announced 5,000 job cuts worldwide due to the outbreak of coronavirus, with roughly 2,000 occurring in the US and India. Meanwhile, Florida-based toy maker Basic Fun! Announced 18 job cuts due to a work stoppage at the company’s Chinese facilities, 10 of which will occur in the United States. The virus could cause...

Posted 7 months 2 weeks



Oyo, the hotel start-up based in India and backed by Softbank, announced 5,000 job cuts from a workforce of 30,000 due to a demand downturn for its hotel partners from the outbreak of Coronavirus. The bulk of those cuts, 3,000, will occur in China, while the rest will be in the US and India, according to anonymous sources as reported by Bloomberg.

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Posted 7 months 3 weeks

Job cuts announced by U.S.-based employers fell 16.4% from January’s total of 67,735 to 56,660 in February. Despite widespread concern, COVID-19 has not yet caused companies to cut positions, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger,...

Posted 8 months 1 week

Chief Executive Officer turnover surged 37%, from the 160 who left their posts in December to 219 to begin the year. Last month’s total is 27% higher than the previous monthly record of 172 in October 2019, according to a report released Wednesday by global outplacement and business and executive coaching...

Posted 8 months 1 week

The most recent data from the Centers for Disease Control and Prevention (CDC) predicts 22 million people of all ages nationwide have tested positive for one of the known types of influenza viruses in the 2019-2020 season. High instances of influenza-like illnesses (ILI) occurred in 45 states and Puerto Rico. While it is difficult for the CDC to predict flu severity, Challenger...

Posted 8 months 2 weeks

Job cuts announced by U.S.-based employers jumped 106%, from December’s total of 32,843 to 67,735, the highest monthly total since February 2019, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 27.8% higher than the 52,988 cuts announced in...

Posted 8 months 3 weeks

With the Kansas City Chiefs facing the San Francisco 49ers in the Super Bowl this weekend, the impact of one of America’s favorite pastimes on productivity will certainly be felt in the office come Monday, according to an estimate from global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Challenger estimates this year’s Super Bowl could cost...

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