Jim Tankersley, Jeanna Smialek and Joe Rennison contributed reporting. Published APRIL 10, 2023 Read the full article here. Employers added 236,000 jobs as the Federal Reserve’s interest-rate increases appeared to take a toll. The unemployment rate fell to 3.5 percent. Layoffs had remained low across the economy for the...
Published April 6, 2023 U.S.-based employers announced 89,703 cuts in March, up 15% from the 77,770 announced in February. It is up 319% from the 21,387 cuts announced in the same month in 2022, according to a report released Thursday from global outplacement and business and...
Published April 4, 2023 In the face of new artificial intelligence models like ChatGPT, labor experts are struggling to understand the implication on the labor market. Goldman Sachs estimated 18% of jobs could be eliminated due to AI technology globally. To see what the software itself thought...
Published March 29, 2023 31% of Incoming CEOs are Women, Highest on Record The number of CEO changes at U.S. companies surged 49% from the 112 in January to 167 last month. February’s total is up 11% from the 151 CEOs who left their posts in the...
Published March 14, 2023 With news of layoffs soaring, American workers may feel disengaged and worried about their jobs. The upcoming March Madness tournament is the perfect way to reenergize workers and build morale among teams. However, employment and wages have risen over the last...
Published March 10, 2023 Toni Thomas joins global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc. as Regional Manager. She will be responsible for cultivating client relationships and growing the business in the Greater Philadelphia market space. Toni has extensive experience over her 20 year...
Published March 9, 2023 In the shortest month of the year, U.S.-based employers announced 77,770 job cuts in February, down a 24% from the 102,943 cuts announced in January. It is 410% higher than the 15,245 cuts announced in the same month last year, according to...
Published February 28, 2022 The number of CEO changes at U.S. companies rose 12% from the 100 in December to 112 in January. January’s total is down 10% from the 125 CEOs who left their posts in the same month one year prior, according to a...
How to Discuss a Layoff and Take the Next Best Steps Being laid off is always difficult, but one of the hardest parts can be sharing the news. The recent spate of layoffs impacting nearly every sector, Technology and Finance especially, means thousands of workers are now...
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