Memorial Day weekend will kick off what is expected to be one of the busiest summer travel seasons in recent history, thanks to low gas prices and cheaper air fares. The increased number of Americans vacationing should result in increased hiring in areas and industries where tourists will congregate, according to a new outlook from the employment authorities at global outplacement and executive coaching consultancy Challenger, Gray & Christmas, Inc.
Turnover among the nation’s chief executive officers increased for the second consecutive month in April, as 108 CEO departures were announced during the month. That was up 7 percent from 101 in March, according to a report released Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
The pace of downsizing increased in April, as US-based employers announced workforce reductions totaling 65,141 during the month, according to the latest report released Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.
The April figure represents a 35 percent increase over March, when employers announced 48,207 planned layoffs. Last month’s job cuts were 5.8 percent higher than the 61,582 recorded in April 2015.