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...
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] ###...
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...
While 2015 job cuts are expected to reach a six year high, the pace of downsizing should slow in the new year, while hiring and wages continue to make gains, according to a new outlook released Monday by global outplacement consultancy Challenger, Gray & Christmas,...
Published September 24, 2015 *Note: We previously listed Chemours/Dupont with 9,100 cuts this year. The Chemours spinoff from Dupont cost 5-7% of 9,100 jobs. Today’s announcement from Caterpillar that it will shed 5,000 workers by the end of 2016, with the possibility of adding another 5,000 job...
