Job Cuts

Challenger July Job Cuts Report: 262,649 Job Cuts in July Announced; Nearly 1.85M Job Cuts in 2020

Job cuts announced by U.S.-based employers jumped in July to 262,649, the third-largest monthly total ever behind April’s 671,129 and May’s 397,016, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

CNBC: Oil and Gas Jobs' Pay is Still Big, But Not Booming

Original article:

"And keeping pay and bonus percentages constant has been made possible only through cost-saving layoffs. U.S.-based energy firms announced 60,500 job cuts in the first six months of 2015, compared with fewer than 4,000 in the same period last year, according to job placement firm Challenger, Gray & Christmas."

WSJ: At Work, Oil Patch Woes Heighten Business School's Appeal

Original Article:

"The energy industry cut 20,193 jobs last month, says outplacement firm Challenger, Gray & Christmas Inc. Some 18% of North American oil and gas companies plan to freeze or cut pay in the near future, and 32% of them plan to ease up on efforts to poach talent from rivals, according to a recent survey by consulting firm Mercer LLC."