Published December 10, 2024 In a recent interview with "The Daily Report" on CBS News, Andy Challenger, the Senior Vice President of Challenger, Gray & Christmas, shared valuable insights into the current wave of CEO resignations, retirements, and turnovers. Here are some key takeaways from the...
2024 has been a very active year within the outplacement industry. Companies have continued to implement restructuring and layoffs in a post-COVID era due to changes in the economy, technology advances and an evolution in their human capital needs. And the overall outplacement industry has...
By Ben Casselman Published September 12, 2024 Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later. ...
By Brad Smith, Host PUBLISHED September 11, 2024 Read on Yahoo! Finance Website [caption id="attachment_23128" align="alignleft" width="150"] Source: Challenger, Gray & Christmas, Inc.[/caption] As AI seeps into all corners of the market, many worry that the technology will ultimately lead to significant job losses as the technology eliminates the need for...
By Brad Smith, Host PUBLISHED September 6, 2024 Read on Yahoo! Finance Website In August, the job cut announcements experienced a significant surge of 193%, marking a notable deviation from the previous months of steady declines, as highlighted in the latest report from Challenger, Gray & Christmas. Andrew...
By Courtney Reagan PUBLISHED JANUARY 28, 2024 Read on CNBC Website Last year, U.S. companies announced 55% more CEO changes than in 2022, according to outplacement firm Challenger, Gray & Christmas. The 1,914 departures in 2023 set a record since the firm started tracking the data in 2002....
By Chip Cutter and Natasha Khan Published January 12, 2024 Read on The Wall Street Journal Website Many companies are also finding it harder to pass along increased labor costs to consumers in the form of higher prices, a reason why some executives are looking to trim workers now, said Andy...
Study: CEO Resignations Hit Record High By Kristen Altus for FOXBusiness Published January 5, 2023 Read and watch on Fox Business An end-of-year report from business and coaching firm Challenger, Gray & Christmas, Inc. found that 1,170 CEOs left their positions by the fourth quarter of 2023, marking a 51% increase...
By Anne Marie Chaker Published December 18, 2023 Read the full article here. Goodbye, hotel ballrooms and DJs. Hello, office potlucks and budget cuts Last year, companies pulled out the stops and partied in December. This year's holiday parties are more likely to involve Santa cookies in the breakroom...
By Bailey Schulz - Money Reporter for USA Today Published December 4, 2023 See the original article here. Andy Challenger Talks Challenger Report Data and How to Prepare for Layoff Season It’s December, which means more than just cooler weather and holiday celebrations. It’s also layoffs season. Job cuts tend to spike...
