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Category: Research - Topic: Economics - CHALLENGER LAYOFFS



Challenger Layoffs announced 53,480 cuts in August
Posted: September 5, 2019 at 07:30 AM (Thursday)

U.S.-based employers ramped up the pace of downsizing in August, as companies announced plans to cut 53,480 jobs from their payrolls. This is up 37.7% from July’s total of 38,845, according to the latest report on job cuts released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 38,845 cuts in July
Posted: August 1, 2019 at 07:30 AM (Thursday)

The pace of downsizing slowed in July, as U.S.-based employers announced plans to cut 38,845 jobs from their payrolls, down 7.5% from the 41,977 cuts announced in June, according to the latest report on job cuts released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 41,977 cuts in June
Posted: July 3, 2019 at 07:30 AM (Wednesday)

U.S.-based employers announced plans to cut 140,577 jobs from their payrolls in the second quarter of this year, down 26% from the 190,410 cuts announced in the first quarter. Despite the drop, Q2 cuts are 34% higher than the 104,800 cuts announced in the same quarter last year, according to the latest report on job cuts released Wednesday ...


Challenger Layoffs announced 58,577 cuts in May
Posted: June 6, 2019 at 07:30 AM (Thursday)

U.S.-based employers announced plans to cut 58,577 jobs from their payrolls in May, up 46% from the 40,023 cuts announced in April, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

May’s cuts are up 86% from the same month last year, when 31,517 cuts were announced. So far this year, employers have announced 289,010 job cuts, 39% higher than the 207,977 cuts announced in the same period last year. ...


Challenger Layoffs announced 40,023 cuts in April
Posted: May 2, 2019 at 07:30 AM (Thursday)

U.S.-based employers announced plans to cut 40,023 jobs from their payrolls in April, down 34% from the 60,587 cuts announced in March. This is the lowest monthly total since last August, when 38,472 cuts were announced, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray ...


Challenger Layoffs announced 60,587 cuts in March
Posted: April 4, 2019 at 07:30 AM (Thursday)

U.S.-based employers announced plans to cut 60,587 jobs from their payrolls in March, down 21% from the 76,835 cuts announced in February. Despite the decline, last month’s cuts in the Automotive and Energy sectors added to the highest quarterly total of the last 14 quarters, according to a report released Thursday from global outplacement ...


Challenger Layoffs announced 76,835 cuts in February
Posted: March 7, 2019 at 07:30 AM (Thursday)

The shortest month of the year saw the highest number of job cuts in over three-and-a-half years, as U.S.-based employers announced plans to cut 76,835 positions from their payrolls in February. That is 45 percent higher than the 52,988 cuts announced in January, according to a report released Thursday from global outplacement and ...


Challenger Layoffs announced 52,988 cuts in January
Posted: January 31, 2019 at 07:30 AM (Thursday)

Employers at U.S.-based companies announced plans to cut 52,988 jobs from their payrolls in January, 20.7 percent higher than the 43,884 announced in December, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & ...


Challenger Layoffs Dropped to 43,884 in December, Total 2018 job cuts 538,659
Posted: January 3, 2019 at 07:00 AM (Thursday)

While December was quieter than the previous three months, as employers at U.S.-based companies announced plans to cut 43,884 workers from their payrolls during the month, the year-to-date total is nearly 29 percent higher than last year and the highest total since 2015, according to a report released Thursday by global outplacement and ...


Challenger Layoffs Dropped to 53,073 in November
Posted: December 6, 2018 at 07:00 AM (Thursday)

Companies around the globe are beginning to announce large-scale layoff plans, possibly signaling an upcoming downturn. The number of planned layoffs announced by U.S.-based employers totaled 53,073 in November, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & ...


Challenger Layoffs Rose to 75,644 in October
Posted: November 1, 2018 at 07:00 AM (Thursday)

For the third time this year, one company’s announcement has made up the bulk of job cuts for one month, as U.S.-based employers announced plans to cut 75,644 jobs from their payrolls in October, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & ...


Challenger Layoffs Rose to 55,285 in September
Posted: October 4, 2018 at 07:30 AM (Thursday)

Changes in consumer finance led to a 44 percent surge in job cut announcements in September, as U.S.-based employers planned to cut 55,285 from their payrolls, according to global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 43.7 percent higher than the 38,472 cuts announced in August and 70.9 percent higher than the 32,346 cuts announced in the same month last year. September job cut plans are the second highest monthly total behind March, when 60,357 cuts were recorded. ...


Challenger Layoffs Rose to 38,472 in August
Posted: September 6, 2018 at 07:30 AM (Thursday)

The pace of downsizing in August rose to the third-highest total for the year, as U.S.-based employers announced plans to cut 38,472 jobs, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

August’s job cut plans are the highest since March, when 60,357 cuts were recorded, and the third highest behind January’s total of 44,653. It is the third time this year that job cuts were higher than the corresponding month last year. ...


Challenger Layoffs Decreased to 27,122 in July
Posted: August 2, 2018 at 07:30 AM (Thursday)

The pace of downsizing fell to the lowest level of the year in July, as U.S.-based employers announced plans to cut 27,122 workers from payrolls during the month, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & ...


Challenger Layoffs Increased to 37,202 in June
Posted: July 5, 2018 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers rose 18 percent, from 31,517 in May to 37,202 in June, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s job cuts were up 19.6 percent from the 31,105 announced in the same month last year.
“In a tight labor market, it’s no surprise employers are hanging on to their current workforces, as four months of this year have seen job cut totals under 40,000. However, in ...


Challenger Layoffs Decreased to 31,517 in May
Posted: May 31, 2018 at 07:00 AM (Thursday)

Job cuts announced by U.S.-based employers fell 12.6 percent, from 36,081 in April to 31,517 in May, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s job cuts were down 4.8 percent from the 33,092 announced in the same month last year. That is the lowest monthly total since October 2017, when 29,831 cuts were announced. ...


Challenger Layoffs Decreased to 36,081 in April
Posted: May 3, 2018 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell 40.2 percent in April to 36,081, the second lowest monthly total for the year, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

April’s total belies a trend for increased cuts after announcements in March hit a 23-month high of 60,357. March’s total was the highest since April 2016, when 64,141 job cuts were announced. ...


Challenger Layoffs Increased to 60,357 in March
Posted: April 5, 2018 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers surged in March to 60,357, a 71 percent increase from the 35,369 cuts announced in February. Last month’s total is the highest monthly total since April 2016, when 64,141 job cuts were announced, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray ...


Challenger Layoffs Decreased to 35,369 in February
Posted: March 8, 2018 at 07:30 AM (Thursday)

The nation’s employers announced plans to cut 35,369 jobs in February, down 20 percent from the 44,653 cuts announced in January, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 4.3 percent lower than the 36,957 announced job cuts in February 2017. So far this year, employers have announced 80,022 cuts, 3.5 percent lower than through February last year. This is the lowest number of announced job cuts between January and ...


Challenger Layoffs Increased to 44,653 in January
Posted: February 1, 2018 at 07:30 AM (Thursday)

The nation’s employers announced plans to cut 44,653 jobs in January, 37.7 percent more than the 32,423 cuts announced in December, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

While January cuts were up from the previous month, they were 2.8 percent lower than the same month one year ago, when 45,934 cuts were announced. ...


Challenger Layoffs Decreased to 32,423 in December
Posted: January 4, 2018 at 07:30 AM (Thursday)

U.S.-based employers announced 32,423 job cuts in the last month of the year, bringing the year-end total to 418,770. That is the lowest annual total since 1990*, when 316,047 cuts were recorded, according to a report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs Increased to 35,038 in November
Posted: December 7, 2017 at 07:00 AM (Thursday)

U.S.-based employers announced 35,038 job cuts in November, up 30 percent from the same month last year, when 26,936 job cuts were announced. Employers have announced 17 percent more cuts than in October 2017, when 29,831 cuts were announced, according to a report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs decreased to 29,831 in October
Posted: November 2, 2017 at 07:30 AM (Thursday)

U.S.-based employers announced 29,831 job cuts in October, down 3 percent from the same month last year, when 30,740 job cuts were announced. Employers have announced 25 percent fewer job cuts than they did in the same period last year, according to a report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs decreased to 32,346 in September
Posted: October 5, 2017 at 07:00 AM (Thursday)

Job cuts announced by U.S.-based employers fell 4.4 percent, from 33,825 in August to 32,346 in September. Last month’s total was 27 percent lower than the 44,324 job cuts announced in the same month last year, according to a report released Thursday by global outplacement and executive coaching firm Challenger, Gray & ...


Challenger Layoffs increased to 33,825 jobs in August
Posted: August 31, 2017 at 07:00 AM (Thursday)

U.S.-based employers announced plans to cut payrolls by 33,825 in August, a 19.4 percent increase from the 28,307 recorded cuts announced in July, according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The August job-cut total is 5 percent higher than the same month last year, when 32,188 cuts were recorded. This month’s total marks the first increase in job cuts in the past five months of this year. Job cuts have declined each month of this year following the ...


Challenger Layoffs decreased to 28,307 jobs in July
Posted: August 3, 2017 at 07:30 AM (Thursday)

U.S.-based employers announced plans to cut payrolls by 28,307 jobs in July, the lowest monthly total since November 2016. Meanwhile, over 88,000 hiring announcements were recorded last month, the third-highest hiring month of the year and highest July total on record, according to a report released Thursday by global outplacement ...


Challenger Layoffs decreased to 31,105 jobs in June
Posted: July 6, 2017 at 07:30 AM (Thursday)

Employers announced plans to cut payrolls by 31,105 jobs in June, the lowest monthly total of the year according to a report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The June job-cut total is 6 percent lower than the 33,092 cuts recorded in May*, and 19.3 percent lower than the same month last year, when 38,536 cuts were recorded. ...


Challenger Layoffs increased to 51,692 jobs in May
Posted: June 1, 2017 at 07:30 AM (Thursday)

The number of workforce reductions announced by US-based employers rose sharply in May, as planned job cuts totaled 51,692 for the month. Nearly 40 percent of those job cuts were announced by Ford Motor Company, according to the report released Thursday from global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs decreased to 36,602 jobs in April
Posted: May 4, 2017 at 07:30 AM (Thursday)

The pace of downsizing decreased in April, as US-based employers announced workforce reductions totaling 36,602 during the month, according to the latest report released Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The April figure represents a 15 percent decrease from March, when employers announced 43,310 planned layoffs. Last month’s job cuts were 43 percent lower than the 64,141 recorded in April 2016*. ...


Challenger Layoffs rose to 43,310 jobs in March
Posted: April 6, 2017 at 07:30 AM (Thursday)

Job cuts announced by US-based employers rose 17 percent from the February total of 36,957 to 43,310 in March, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

March announcements are 2 percent lower than the same month last year, when employers announced plans to eliminate 44,207 jobs from their ranks. Last month’s total is the third consecutive month of lower job cuts than the corresponding month a year earlier. ...


Challenger Layoffs drop to 36,957 jobs in February
Posted: March 9, 2017 at 07:30 AM (Thursday)

The shortest month of the year saw a decline in layoff announcements, as US-employers announced plans to cut 36,957 jobs in February, 19 percent fewer than the 45,934 cuts announced in January, according to the latest report from global outplacement and executive coaching firm Challenger, Gray & ...


Challenger Layoffs increase to 45,934 in January
Posted: February 2, 2017 at 07:30 AM (Thursday)

In all, retailers announced 22,491 planned layoffs in January, accounting for 49 percent of all job cuts recorded during the month. The January total is virtually unchanged from the previous January, when retailers announced 22,246 job cuts to start 2016.

“A January surge in retail hiring has become the standard. Most retailers ramp up hiring in the final three months of the year to handle the holiday rush. However, as consumers increasingly go online to shop, retailers are not only dismissing temporary seasonal workers, but ...


Challenger Layoffs increase to 33,627 in December
Posted: January 5, 2017 at 07:30 AM (Thursday)

The pace of downsizing ticked up slightly to close out 2016, as U.S.-based employers announced plans to shed 33,627 jobs from payrolls in December, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

December job cuts were up 25 percent from November’s 26,936, the lowest monthly total of 2016. The December total was well below the 43,910 job cuts averaged monthly throughout the year. ...


Challenger Layoffs decrease to 26,936 in November
Posted: December 1, 2016 at 07:30 AM (Thursday)

The pace of downsizing fell to the lowest level of the year in November, as U.S.-based employers announced plans to shed 26,936 workers from payrolls during the month, according to the report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs decrease to 30,740 in October
Posted: November 3, 2016 at 07:30 AM (Thursday)

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, a 31 percent decline from the 44,324 planned layoffs reported in September. Last month’s total was 39 percent lower than a year ago, when announced job cuts totaled 50,504. ...


Challenger Layoffs increase to 44,324 in September
Posted: October 6, 2016 at 07:00 AM (Thursday)

Monthly job cuts increased to close out the third quarter, as employers announced plans to shed 44,324 workers from the payrolls in September, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Last month’s total was 38 percent higher than August, when announcements fell to 32,188, the second lowest total of the year behind May’s 30,157. ...


Challenger Layoffs decrease to 32,188 in August
Posted: September 1, 2016 at 07:30 AM (Thursday)

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 monthly total since May (30,157) and the second lowest of the year. It was 22 percent lower than August 2015, when 41,186 planned job cuts were announced.
To date, employers have announced 391,288 job cuts in 2016. That is 10 percent fewer ...


Challenger Layoffs increase to 45,346 in July
Posted: August 4, 2016 at 07:00 AM (Thursday)

The pace of layoffs ticked up in July, as employers announced plans to shed 45,346 workers from their payrolls. That represents a 19 percent increase from 38,536 job cuts in June, according to the report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs rose to 38,536 in June
Posted: July 7, 2016 at 07:30 AM (Thursday)

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 job-cut total is 28 percent higher than ...


Challenger Layoffs fell to 30,157 in May
Posted: June 2, 2016 at 07:30 AM (Thursday)

The number of job cuts announced by U.S.-based employers fell sharply in May, with a total of 30,157 planned workforce reductions recorded during the month, according to the latest report released Thursday from global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs increased to 65,141 in April
Posted: May 5, 2016 at 07:30 AM (Thursday)

The pace of downsizing increased in April, as US-based employers announced workforce reductions totaling 65,141 during the month, according to the latest report released Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

The April figure represents a 35 percent increase over March, when employers announced 48,207 planned layoffs. Last month’s job cuts were 5.8 percent higher than the 61,582 recorded in April 2015. ...


Challenger Layoffs declined to 48,207 in March
Posted: March 31, 2016 at 07:30 AM (Thursday)

Job cuts declined for the second consecutive month in March, as US-based employers announced plans to trim payrolls by 48,207 during the month, according to new figures released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The March total was 21.7 percent lower than the 61,599 job cuts in February. It was the lowest monthly total since December, when 23,622 were announced. ...


Challenger Layoffs slowed to 61,599 in February
Posted: March 3, 2016 at 07:00 AM (Thursday)

After surging to a six-month high to begin the new year, downsizing slowed in February, as US-based employers announced 61,599 job cuts during the month, 18 percent fewer than the 75,114 in January, according to a report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs rose to 75,114 in January
Posted: February 4, 2016 at 07:30 AM (Thursday)

Heavy downsizing in the retail and energy sectors pushed monthly job cut announcements to their highest level since last summer, according to the latest report on monthly job cuts released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

In all, US-based employers reported 75,114 planned job cuts to kick off 2016. That is a 218 percent increase from a 15-year low of 23,622 in December. January was 42 percent higher than the same month a year ago, when employers announced 50,041 job cuts. ...


Challenger Layoffs were 23,622 in December
Posted: January 7, 2016 at 07:30 AM (Thursday)

A strong economy, coupled with what appears to be a growing reluctance to announce layoffs during the holidays, contributed to December experiencing the lowest number of monthly job cuts in more than 15 years, according to the report released today by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs were 30,953 in November
Posted: December 3, 2015 at 07:30 AM (Thursday)

After a four-month stretch that saw more than a quarter of a million job cuts announced by U.S.-based firms, planned layoffs in November fell to the lowest level in more than a year, according to the report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs were 50,504 in October
Posted: November 5, 2015 at 07:30 AM (Thursday)

The nation’s employers announced plans to eliminate 50,504 workers from their payrolls in October. More than one-quarter of those were oil-related job cuts, which climbed to a six-month high, according to the latest layoff report released Thursday by global outplacement consultancy Challenger, Gray & ...


Challenger Layoffs shed 58,877 in September
Posted: October 1, 2015 at 07:30 AM (Thursday)

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 & ...


Challenger Layoffs dropped to 41,186 in August
Posted: September 3, 2015 at 07:30 AM (Thursday)

Monthly job cuts plunged by more than 60 percent in August after surging to a four-year high in July on massive cuts in military staffing, according to the report Thursday from global outplacement consultancy Challenger, Gray & Christmas, Inc.

Employers in the U.S. announced plans to shed 41,186 workers from payrolls last month, a 61 percent decline from the 105,696 layoffs in July. The July figure was the highest since September 2011, when monthly job cuts reached 115,730. ...


Challenger Layoffs rocketed to 105,696 in July
Posted: August 6, 2015 at 07:30 AM (Thursday)

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 consultancy Challenger, Gray & Christmas, Inc.

The July total is 136 percent greater than the 44,842 job cuts recorded in June. It is 125 percent higher than the same month a year ago, when planned workforce reductions totaled 46,887. The last time more than 100,000 job cuts were announced in a single month was ...



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