Published on: Aug 6, 2019 Job cuts announced due to bankruptcy have hit the highest level since 2009, according to a new analysis of monthly job cut announcements from global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. Through July, companies have announced 42,937...
Check out the latest episode of the Challenger Podcast: HR Passport as we discuss the latest financial and job market news with VP Andrew Challenger. Related: Hear some of our past podcasts hosted by our Director of PR Colleen Madden Blumenfeld! Connect with Colleen on LinkedIn # #...
The pace of downsizing slowed in July, as U.S.-based employers announced plans to cut 38,845 jobs from their payrolls, down 7.5% from the 41,977 cuts announced in June, according to the latest report on job cuts released Thursday from global outplacement and business and executive...
Published on: Jul 2, 2019 U.S.-based employers announced plans to cut 140,577 jobs from their payrolls in the second quarter of this year, down 26% from the 190,410 cuts announced in the first quarter. Despite the drop, Q2 cuts are 34% higher than the 104,800 cuts announced...
May 2019 Challenger Report Published June 15, 2019 U.S.-based employers announced plans to cut 58,577 jobs from their payrolls in May, up 46% from the 40,023 cuts announced in April, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray...
Published on: May 21, 2019 The automotive industry, which has seen a significant shift as automakers deal with changing consumer demands and the implementation of automation, has announced 19,802 job cuts through April. That is 207% higher than the 6,451 automotive sector cuts announced through the same...
Job Cut Announcements Drop 34% From March 2019; YTD Cuts Up 31% Published May 2, 2019 U.S.-based employers announced plans to cut 40,023 jobs from their payrolls in April, down 34% from the 60,587 cuts announced in March. This is the lowest monthly total since last August,...
Published on: Apr 3, 2019 U.S.-based employers announced plans to cut 60,587 jobs from their payrolls in March, down 21% from the 76,835 cuts announced in February. Despite the decline, last month’s cuts in the Automotive and Energy sectors added to the highest quarterly total of the...
The shortest month of the year saw the highest number of job cuts in over three-and-a-half years, as U.S.-based employers announced plans to cut 76,835 positions from their payrolls in February. That is 45 percent higher than the 52,988 cuts announced in January, according to...
2018 was the worst year of media layoffs since 2009 Published on: Feb 14, 2019 Consolidation, declining revenue, combative language from the Trump Administration, and occasional violence marked 2018 for members of the media. It was also the year with the highest number of job cut announcements in...
