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27 Nov GM Cuts 14K Jobs, 7th Largest Auto Cut Since 2001

Posted at 08:15h in The Challenger Report
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 Published on: Nov 27, 2018  UPDATE: General Motors is cutting up to 14,000 workers. General Motors announced it would cut 15 percent of its salaried and salaried contract staff, or an estimated 14,000 people, as the company looks to cut costs and pivot to electric vehicles. Meanwhile, CEO...

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16 Feb 2016 Tech Cut Report: 96,017 Cuts, 18 Percent of All Cuts Last Year

Posted at 07:31h in The Challenger Report
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After falling 21 percent in 2015, job cuts announced by employers in the U.S. technology sector increased by the same amount in 2016, according to a new analysis of layoff data by global outplacement firm Challenger, Gray & Christmas, Inc. Employers in...

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02 Nov 2016 October Job Cut Report: Cuts Fall 31% to 30,740

Posted at 01:50h in The Challenger Report
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In the final month before the general election, planned job cuts announced by U.S.-based employers fell to the second lowest level of the year, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. Employers announced 30,740 job cuts in October,...

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31 Aug 2016 August Job Cut Report: Cuts Fall 29% to 32,188

Posted at 05:19h in The Challenger Report
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Downsizing slowed in August, as US-based employers announced plans to cut their payrolls by 32,188, a 29 percent decline from the 45,346 cuts in July, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The August figure was the lowest...

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17 Aug Cisco Cuts Could Be Second Largest Tech Cut Since January 2015

Posted at 03:19h in The Challenger Report
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Published August 17, 2016 UPDATE: Cisco confirms they will cut 5,500 jobs While the company has not officially confirmed the news, reports out of Silicon Valley suggest that tech giant Cisco Systems is preparing to shed 14,000 workers from its payroll. If true, it would represent the...

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06 Jul 2016 June Job Cuts: 38,536 in June Contribute to 313,754 Total Cuts This Year

Posted at 03:45h in The Challenger Report
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Employers announced plans to cut payrolls by 38,536 jobs in June, an increase from May, but still well below the 12-month average and indicative of a positive employment environment, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The June...

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20 Jan Tech Sector Shed Over 79K in 2015, 13 Percent of All Cuts

Posted at 09:44h in The Challenger Report
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After reaching a five-year high in 2014, job cuts announced by employers in the U.S. technology sector declined 21 percent in 2015, according to a new analysis of layoff data by global outplacement firm Challenger, Gray & Christmas, Inc. Employers in the...

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23 Oct CNBC: Layoffs Don’t Necessarily Spell Trouble – Challenger

Posted at 10:41h in News
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Original Article: http://www.cnbc.com/2015/10/22/layoffs-dont-necessarily-spell-trouble-ch...

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30 Sep 2015 September Job Cut Report: Employers Slash Nearly 60K, HP Cuts Make Up More Than Half

Posted at 04:27h in The Challenger Report
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The third quarter ended with a surge in job cuts, as U.S.-based employers announced plans to shed 58,877 in September, a 43 percent increase from the previous month, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc. The September...

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05 Aug 2015 July Job Cut Report: 105,696 Highest One-Month Total Since 2011

Posted at 01:20h in The Challenger Report
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Massive Troop and Civilian Reductions Lead to First 100,000+ Month Since 2011 Monthly job cuts rocketed to the highest level in nearly four years, as U.S. employers announced plans to shed 105,696 workers from their payrolls in July, according to the report Thursday from global outplacement...

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