Challenger May Job Cuts Report: COVID-19 Causes Nearly 1M Layoffs Published June 3, 2020 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...
Published on: May 20, 2020 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...
Published May 6, 2020 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...
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...
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...
Published on: Mar 4, 2020 Job cuts announced by U.S.-based employers fell 16.4% from January’s total of 67,735 to 56,660 in February. Despite widespread concern, COVID-19 has not yet caused companies to cut positions, according to a report released Thursday from global outplacement and business and executive...
Published on: Feb 6, 2020 Job cuts announced by U.S.-based employers jumped 106%, from December’s total of 32,843 to 67,735, the highest monthly total since February 2019, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. Last...
Published January 2, 2020 Job cuts announced by U.S.-based employers fell for the second consecutive month, to 32,843, the lowest monthly total since 27,122 cuts were announced in July 2018, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger,...
Published on: Dec 4, 2019 Job cuts announced by U.S.-based employers fell to 44,569 in November, 11.3% lower than the 50,275 cuts announced in October, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. Last month’s total...
