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...
Oyo, the hotel start-up based in India and backed by Softbank, announced 5,000 job cuts from a workforce of 30,000 due to a demand downturn for its hotel partners from the outbreak of Coronavirus. The bulk of those cuts, 3,000, will occur in China, while...
Last week, India-based hotel partner start-up Oyo Hotels announced 5,000 job cuts worldwide due to the outbreak of coronavirus, with roughly 2,000 occurring in the US and India. Meanwhile, Florida-based toy maker Basic Fun! Announced 18 job cuts due to a work stoppage at the...
Original Article “I’m not sure if companies are prepared,” said Andrew Challenger, vice president at outplacement firm firm Challenger, Gray & Christmas, which works with companies on a variety of labor issues, including executive coaching, downsizings and career transition services. Challenger said the situation already playing out...
