Published April 7, 2020 Teen employment skyrocketed during the summer months of 2019 to the highest number of jobs added since 2001, according to an analysis of non-seasonally adjusted data from the Bureau of Labor Statistics by global outplacement and executive and business coaching firm Challenger,...
Challenger COVID-19 Coverage HR Response to Pandemic; March 2020 Survey Results Published April 3, 2020 As states and localities take action to promote social distancing and slow the outbreak, companies and Human Resources teams have responded in kind, according to a new survey from global outplacement and executive...
222,288 Job Cuts Announced in March 2020, Most Since Jan 2009 COVID IS RESPONSIBLE FOR 141,844 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...
Published on: Mar 30, 2020 See the press release and report here. [caption id="attachment_13585" align="aligncenter" width="1000"] Source: Challenger, Gray & Christmas, Inc. ©[/caption] ###...
Initial weekly jobless claims soared to 3.3 million, only a few weeks after a historic low of 200,000. This highlights the whiplash workers and HR professionals are experiencing as the labor market transitions from one of the tightest on record to a likely recession. Despite...
Read Article “Those who work in essential positions are no doubt feeling heightening anxiety as the outbreak continues,'' says Andrew Challenger, vice president of outplacement firm Challenger, Gray & Christmas Inc. "Companies are changing shifts so that fewer people are working together. Some companies are offering...
Job Cut Announcements Surge to 9K; Many Industries Desperate for Workers Published March 20, 2020 Global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. has tracked over 9,000 job cut announcements due to the COVID-19 outbreak. These are confirmed cuts from individual companies....
Published on: Mar 18, 2020 UPDATE: Cuts Surge Past 9K COVID-19 HAS CAUSED EMPLOYERS TO ANNOUNCE 3,634 JOB CUTS More announcements in Entertainment/Leisure have pushed job cuts due to the COVID-19 outbreak to 3,634, according to global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. "We...
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. "We are indeed seeing...
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...
