Published October 5, 2023 U.S.-based employers announced 47,457 cuts in September, down 37% from the 75,151 cuts announced in August. It is up 58% from the 29,989 announced in the same month one year prior, according to a report released Thursday from global outplacement and business...
Published August 16, 2023 A ‘richcession’ may be underway By Jessica Dickler KEY POINTS There’s a lot of speculation about whether a recession is still on the horizon. Some economists say the country is already experiencing a “richcession,” rather than a broad contraction to come later. Layoffs have...
[caption id="attachment_18397" align="aligncenter" width="2048"] Source: Challenger, Gray & Christmas, Inc. ©[/caption] Employee Priorities [caption id="attachment_18396" align="aligncenter" width="2048"] Source: Challenger, Gray & Christmas, Inc. ©[/caption] Layoffs [caption id="attachment_18395" align="aligncenter" width="2048"] Source: Challenger, Gray & Christmas, Inc. ©[/caption] [caption id="attachment_18394" align="aligncenter" width="2048"] Source: Challenger, Gray & Christmas, Inc. ©[/caption] Leadership [caption id="attachment_18393" align="aligncenter" width="2048"]...
Published January 23, 2023 The news of increasing layoffs can lead to disengagement among remaining staff, often referred to as survival syndrome. Unless employers apply care and attention to their layoff communications, they may end up with teams of survivor quitters, according to one workplace authority. “It's...
CBS News: Andy Challenger, SVP, Discusses Layoffs Falling to Record Low since 1993 Reported by CBS News Published December 2, 2021 Corporate layoffs are falling to their lowest level in nearly 30 years as the U.S. job market bounces back from the coronavirus pandemic. The number of announced...
Challenger COVID Coverage Post-COVID Plans Survey Results Published March 2021 See the press release and report here. [caption id="attachment_13987" align="aligncenter" width="816"] Source: Challenger, Gray & Christmas, Inc. ©[/caption] ...
Companies announced nearly 1.6 million permanent job cuts in the first half of 2020, according to tracking by global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. The Bureau of Labor Statistics puts the number of unemployed people at nearly 18...
Workplace Survivor Syndrome in 2020 Published August 18, 2020 Companies announced nearly 1.6 million permanent job cuts in the first half of 2020, according to tracking by global outplacement and executive and business coaching firm Challenger, Gray & Christmas, Inc. The Bureau of Labor Statistics puts the...
Published July 15, 2020 In a time when the public needs to stay informed more than ever, journalists are currently facing furloughs, pay cuts, and, in many cases, permanent layoffs. According to analysis from global outplacement and executive and business coaching firm Challenger, Gray & Christmas,...
Challenger Survey Reveals 30% of Companies Cut Pay in Response to COVID-19 & half of those respondents did so to avoid suspensions or terminations Posted Jul 4, 2020 Thirty percent of employers chose to cut pay in response to the COVID-19 pandemic. Of those, more than half...
