ChallengerGray @ChallengerGray
The latest workplace and #HR news from global outplacement and business and executive coaching firm Challenger, Gray and Christmas. #humanresources challengergray.com Global Joined April 2009-
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Our summer job data featured in @Inc by @sarahdlynch In fact, teens are expected to gain 1.3M jobs from May to July, according to the global outplacement firm Challenger, Gray & Christmas--which would make for the highest number of jobs added since 2020. bit.ly/4a5vpYS
Leading reasons job cuts were listed as “cost-cutting” & “restructuring." “Layoffs certainly ticked up to round out Q1, though below last year’s levels. Many companies appear to be reverting to a ‘do more with less’ approach,” @AndyChallengeHR bit.ly/4bgPi05 @thehill
U.S. CEO changes ⬇️ 27% to 180 in March, from record-high in Feb. “C-Level leaders have had an incredibly challenging few years, & are transitioning out of their roles, whether for new opportunities or to get fresh starts elsewhere,” - @AndyChallengeHR bit.ly/3xRXsxA
Report predicts teens will gain 1.3M jobs in May, June, & July, due to consumer demand & teen desire to work. "Inflation is not only hitting employers’ labor costs. It’s also hitting teens’ pockets, as well as those of their families,” - @AndyChallengeHR bit.ly/3Uexn3o
According to Challenger, Gray & Christmas, #healthcare... cut 58,560 jobs last year. An almost 100% increase over the year before... And the healthcare industry employs more than 23% of Black women or more than one in five of us. bit.ly/4b9ka2r via Health Conscious
YTD 341,251 (month ain't over folks) May 2023 @ChallengerGray through April "Employers announced 337,411 job cuts, a 322% increase from the 79,982 cuts announced in the first four months of 2022 (Ex-2020) this is highest Jan-Apr total since 2009 when 711,100 cuts were announced"
YTD 341,251 (month ain't over folks) May 2023 @ChallengerGray through April "Employers announced 337,411 job cuts, a 322% increase from the 79,982 cuts announced in the first four months of 2022 (Ex-2020) this is highest Jan-Apr total since 2009 when 711,100 cuts were announced"
Challenger analysis of #MarchMadness data in @Marq_Burnett @MyABJ... showcased the potential productivity pitfall of the tournament but also highlighted its potential to both boost morale and serve as a lure for workers to return to the office. bit.ly/49LmV94
Challenger #data cited by @Fortune @thier_jane - Career consulting firm Challenger, Gray & Christmas recently reported that this year kicked off with 82,307 job cuts, a 136% month-to-month increase. bit.ly/4aDszvf
March #ChallengerReport media coverage via @Forbes by @maryroeloffs - “Many companies appear to be reverting to a ‘do more with less’ approach,” @AndyChallengeHR the firm’s senior vice president, said in a statement. bit.ly/3Q340zy
Our #ChallengerReport data in @Newsweek by Omar Mohammed. "Layoffs certainly ticked up to round out Q1, though below last year's levels. Many companies appear to be reverting to a 'do more with less' approach.” @AndyChallengeHR said. newsweek.com/job-losses-gri…
Media coverage via @Reuters - U.S. layoff announcements rose 7% in March to the highest since Jan 2023, led by tech and government-sector job eliminations, though cuts announced year to date are down 5% from a year ago amid a still-strong job market." reut.rs/4cKloCV
📰 The latest #ChallengerReport job market update you need! U.S. employers announced 90,309 job cuts in March, up 7% from the previous month. Stay informed and learn which industries are most affected. Read more: bit.ly/3J6WvnC
Coverage of Challenger #MarchMadness report by managing editor @RichGillette @daytondailynews - "Our friends at outplacement firm Challenger, Gray & Christmas in Chicago tell us the tournament could cost employers nearly $10 billion in unproductive work." bit.ly/4aDcjtH
Data cited by @kgoochBHR @BeckersHR - "Hospitals announced 26 CEO changes total in the first two months of 2024, according to a March 29 report from Challenger, Gray & Christmas, an executive coaching firm that examines CEO turnover in the U.S." bit.ly/3xksmyo
Media coverage via @Variety - “Tech layoffs accounted for a peak share of 69% of total U.S. announced job cuts in Nov 2022 and made up double-digit percentages in 13 out of the next 15 months ending in Feb 2024, per VIP+ analysis of Challenger data." bit.ly/3VK2ZQC
Challenger’s February #CEO report shows the number of CEO changes at U.S. companies surged 28% from January, making February’s total the highest monthly total on record. It's a 49% increase from CEO exits that occurred in the same month one year prior. bit.ly/3xf6x3f
Data cited in @Fortune, “Vice execs abruptly lay off workers, end town hall after downpour of thumbs-down emojis,” by @chloenberger - This past Jan alone more than 800 media jobs were cut, according to Challenger, Gray & Christmas data sent to @FastCompany bit.ly/3IXWtyd
Bring your employees together as a team, whether they're remote or in-person, with #MarchMadness. 🏀 See our blog for expert advice on how to boost engagement, sponsor charitable giving, & create a fun, dynamic workplace experience for everyone involved. bit.ly/43nIeMw
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How to prep for a layoff you know is coming via @Jobbio and Aoibhinn McBride trib.al/wL18Rya
YTD 341,251 (month ain't over folks) May 2023 @ChallengerGray through April "Employers announced 337,411 job cuts, a 322% increase from the 79,982 cuts announced in the first four months of 2022 (Ex-2020) this is highest Jan-Apr total since 2009 when 711,100 cuts were announced"
86,177 job cuts this month, so far #MacroEdge
Per @ChallengerGray survey, average share of job seekers who relocated for a new job was just 1.5% in 2023 … rising housing costs shift toward hybrid-work arrangements have made it a challenge for employers to entice people to move per findings @Bloomberg
Layoffs And Pay Cuts Hit CEOs And Managers by @jackjaykelly via @Forbes Rank-and-file workers are not the only employees that have been impacted by the widespread layoffs and cost-cutting measures that have taken hold since the Great Resignation. In 2023, nearly half of all…
In February, U.S.-based employers reported 84,638 job cuts, a 3% increase from the previous month's total of 82,307 cuts. More from @ChallengerGray. #hiring #staffingindustry #staffingtrends hubs.la/Q02nzkw-0
Good reporting @WSJ corroborates @ChallengerGray data which found acutely weak holiday hiring. "...adjustment for this January was overly aggressive, arguing businesses laid off fewer workers than normal because they'd hired less in the months before." wsj.com/economy/united…
Any doubters still out there about a March rate cut being off the table got doused with a reality check this morning
January @ChallengerGray job cuts -20% year/year vs. -20.2% in prior month (third consecutive decline) … financial and tech sectors led with largest increases; autos had largest decline in announced cuts
Don’t Hold Your Breath Waiting For A Year-End Bonus by @jackjaykelly @Forbes If you are expecting a fat bonus this year, think again. The payouts this bonus season are expected to be dismal or nonexistent, according to a survey by the @WSJ Street Journal and compensation…
Nearly half (46%) of surveyed companies said they increased hiring this year, and they plan to keep adding workers in 2024. This percentage is up from 39% in 2022, but down from 63% in 2021. More from @ChallengerGray. #hiring hubs.la/Q02dxDkp0
Wow, wow, wow. In the year to date, the media business has suffered 20,324 job cuts, the highest since 2020, when the figure was 30,211, according to a recent @ChallengerGray analysis ▶️ buff.ly/46YI4LE
@ChallengerGray report says the media industry has experienced 20,342 cuts, the highest year-to-date figure since 2020; of that total, 2681 news jobs were slashed. Media industry cuts top 20,000 in 2023, report finds poynter.org/commentary/202…
At @NOWFoods, employees say great benefits, spin-the-wheel perks, and open communication make for a great workplace environment. NOW Foods ranked 18th among large employers on the Chicago Tribune's list of Top Workplaces. trib.al/DhvesMs
One-third of corporate managers lead with fear, survey says hrdive.com/news/fear-base…
Layoffs are confusing jobseekers as companies claim tech talents are hard to find. Job industry is "right-sizing." bit.ly/3FIN6Rj @ChallengerGray @LinkedIn @CompTIA @BusinessChief #globalmobility #layoffs #techlayoffs #techtalents
More than 1,400 CEOs have left their positions so far this year through September, according to a report by @ChallengerGray. trib.al/3bDJn54
September @ChallengerGray job cuts +58% year/year vs. +267% in prior month … Tech sector continues to lead with cut announcements at nearly 152k this year, up from nearly 19k cuts announced thru September of last year
The @ChallengerGray Job Cuts Report saw 47,457 cuts in Sep, down -37% MoM from Aug. A total of 146,305 cuts were announced in Q3 2023, a 92% YoY increase from Q2 2022. Tech continues to lead cuts this year with 151,989, a 716% YoY increase. #jobsreport challengergray.com/blog/sept-2023…
SVP @AndyChallengeHR spoke to @rayalexsmith with @WSJ about quiet quitting & job cuts data. US-based companies announced 42% fewer job cuts in July than they did in June, he said. bit.ly/3PnQI0S
Today is the day for my monthly reminder that while the streak of negative revisions to nonfarm payrolls is interesting, the magnitude of the revisions isn’t that significant compared with the distribution of historical revisions...
Nonfarm payrolls have been revised lower for seven consecutive months. June has been revised lower by 104k from the first release to the current data. 1/3
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