Job cuts announced by U.S.-based employers totaled 397,016 in May, down 40.8% from April’s total of 671,129, the highest monthly total on record. Despite the drop, last month’s total is the second highest monthly total on record since global outplacement and business and executive coaching...
As the nation's employers consider how to reopen their offices following stay-at-home shutdowns triggered by the Coronavirus pandemic, many are facing challenges regarding how to modify or extend current work from home (WFH) policies, including hiring private eyes to monitor employees, accommodating flexibility due to...
Retailer Pier 1 Imports announced it would close all remaining 540 stores and try to find a buyer for its online business. It follows bankruptcy announcements from JC Penney, J. Crew, and Neiman Marcus. "Retail has been undergoing technological updates, shifting consumer behavior and low foot...
ESPN’s new ten-part documentary series on the Michael Jordan-era Chicago Bulls, The Last Dance, includes plenty of 90s nostalgia, good music, and incredible basketball, but also important lessons for employers nationwide on leadership, culture, and talent management, according to one workplace authority. “Any organization strives to...
Over 30 million Americans have lost their jobs over the last two months due to the outbreak of COVID19, as the pandemic forced the abrupt shutdown of tens of thousands of non-essential businesses across the nation and severely impacted thousands more. The experts at global...
Quarantine due to the COVID-19 pandemic thrust millions of people into an unwelcome, frightening employment situation. Those who found themselves instantly unemployed never could have guessed that this is what they would face in spring 2020. Still others were anticipating a promotion that has now...
Job cuts announced by U.S.-based employers spiked to 671,129, the highest single-month total on record. Challenger began tracking job cut announcements in January 1993. Last month’s total was primarily due to the COVID-19 pandemic, which was cited as the reason for 633,082 job cuts, according...
As companies create and enact plans to reopen worksites safely and consider the serious public health implications this will have on their workers, vendors, and customers, many Human Resources professionals are also pondering what the new normal will look like in the coming months and...
As the Trump Administration releases guidelines for reopening the economy, Human Resources executives nationwide are contemplating when and how they will reopen work sites. The majority will keep their COVID plans, which include working from home and closing non-essential businesses, in place until experts agree...
Job cuts announced by U.S.-based employers surged 292% from February’s total of 56,660 to 222,288 in March. March was the first month to report job cut announcements specifically due to the COVID-19 pandemic, according to a report released Thursday from global outplacement and business and...
