Press Releases

Posted 11 months 2 weeks

Churn in the C-Suite surged in October to a new high in a record-setting year, as 172 chief executives left their posts during the month, 14% more than the 151 CEOs who left in September, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 15% higher...

Posted 11 months 3 weeks

Retailers added 137,200 jobs in October, 18% more than the 115,900 jobs Retailers added in October of 2018, according to an analysis of non-seasonally adjusted data from the U.S. Bureau of Labor Statistics (BLS) from global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc.

Meanwhile, jobs added in Transportation and...

Posted 11 months 3 weeks

Job cuts announced by U.S.-based employers jumped to 50,275 in October, 20.97% higher than the 41,557 announced in September, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 33.5% lower than the 75,644 cuts announced in the same month last year....

Posted 1 year 2 weeks

Churn in the C-Suite slowed in September, but remained well above average, as companies announced 151 chief executive exits, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 5% lower than the 159 CEO exits announced in August, the...

Posted 1 year 2 weeks

Job cuts announced by U.S.-based employers fell to 41,557 in September, 22.3% lower than the 53,480 announced in August. This is the second lowest monthly total in 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 24.8% lower than the 55,285...

Posted 1 year 1 month

Despite a record number of hiring announcements for the holiday season last year, Retailers added the lowest number of jobs since 2009, 625,600 in the final quarter of 2018, according to an analysis of non-seasonally adjusted data from the Bureau of Labor Statistics (BLS) by global outplacement and executive and business coaching firm Challenger, Gray...

Posted 1 year 1 month

Increased churn continues at the chief executive position, as employers at U.S.-based companies announced 159 chief executive officer changes, the highest monthly total on record, according to a report released Wednesday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total was 28% higher...

Posted 1 year 1 month

James E. Challenger, founder of the outplacement industry and champion of discharged workers, died on August 30th at his home outside Chicago. He was 93.

He was raised in Park Ridge, IL and graduated from Harvard in 1947 and Northwestern Law in 1951. In 1961, he was dismissed from his law firm position for taking time off. Though he found a new...

Posted 1 year 1 month

U.S.-based employers ramped up the pace of downsizing in August, as companies announced plans to cut 53,480 jobs from their payrolls. This is up 37.7% from July’s total of 38,845, according to the latest report on job cuts released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

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Posted 1 year 1 month

Despite some indicators pointing to a potential downturn, such as the slowdown in manufacturing and automotive, lower business investment, and waning market confidence, the labor market remains tight and companies everywhere are looking to attract and hire talent. This Labor Day, job seekers would be wise to map out a way to update their skills to align with the current skills shortage,...

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