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Category: Research - Topic: Economics - CHALLENGER LAYOFFS


Challenger Layoffs announced 22,822 Job Cuts in October 2021
Posted: November 4, 2021 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers rose 27.5% in October to 22,822 from the 17,895 announced in September. It is the highest monthly total since May, when 24,586 cuts were recorded, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, ...


Challenger Layoffs announced 17,895 Job Cuts in September 2021
Posted: October 7, 2021 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers rose 14% in September to 17,895 from the 24-year low of 15,723 cuts announced in August, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.
September's total is 85% lower than the same month last year, when ...


Challenger Layoffs announced 15,723 Job Cuts in August 2021
Posted: September 2, 2021 at 07:30 AM (Thursday)

U.S.-based employers announced 15,723 job cuts in August, down 17% from the 18,942 cuts announced in July. Last month's total is the lowest since in June 1997, when 15,091 job cuts were announced, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. ...


Challenger Layoffs announced 18,942 Job Cuts in July 2021
Posted: August 5, 2021 at 07:30 AM (Thursday)

As companies increasingly report difficulty finding and keeping talent and the Delta variant spurs a rise in COVID cases, U.S.-based employers announced 18,942 job cuts in July, down 93% from the 262,649 cuts announced in the same month last year. Last month's total is the lowest since in June 2000, when 17,241 job cuts were announced, ...


Challenger Layoffs announced 20,476 Job Cuts in June 2021
Posted: July 1, 2021 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell 16.7% in June to 20,476 from 24,586 cuts announced in May. Last month's total is the lowest monthly total since June 2000, when 17,241 job cuts were recorded, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 24,586 Job Cuts in May 2021
Posted: June 3, 2021 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers rose 7% in May to 24,586 from the 22,913 announced in April. Last month's total is down 93.8% from May 2020, when employers announced 397,016 cuts, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. So far this ...


Challenger Layoffs announced 22,913 Job Cuts in April 2021
Posted: May 6, 2021 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell 25% in April to 22,913 from the 30,603 announced in March. Last month's total is down 96.6% from last April, when employers announced 671,129 cuts, the highest monthly total on record, according to a report released Thursday from global outplacement and business and executive coaching ...


Challenger Layoffs announced 30,603 Job Cuts in March 2021
Posted: April 1, 2021 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell 86% in March to 30,603 from the 222,288 job cuts announced in the same month last year, when the fallout from the COVID-19 lockdowns began to impact businesses across the country, according to a report released Thursday from global outplacement and business and executive coaching firm ...


Challenger Layoffs announced 34,531 Job Cuts in February 2021
Posted: March 4, 2021 at 07:30 AM (Thursday)

Planned job cuts announced by U.S.-based companies fell 57% to 34,531 in February from 79,552 in January. It was the lowest monthly total since December 2019, when 32,843 job cuts were announced, according to a report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. Last ...


Challenger Layoffs announced 79,552 Job Cuts in January 2021
Posted: February 4, 2021 at 07:30 AM (Thursday)

Planned job cuts announced by U.S.-based companies rose 3.3%, to 79,552, in January from 77,030 in December, according to a report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. January's total is 17.4% higher than the 67,735 cuts announced in the same month last year. It is ...


Challenger Layoffs announced 77,030 Job Cuts in December 2020
Posted: January 7, 2021 at 07:30 AM (Thursday)

Planned job cuts announced by U.S.-based companies jumped to 77,030 in December, up 18.9% from the 64,797 in November, according to a report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. December's total is 134.5% higher than the 32,843 cuts announced in the final month ...


Challenger Layoffs announced 64,797 Job Cuts in November 2020
Posted: December 3, 2020 at 07:30 AM (Thursday)

In the penultimate month of the year, U.S.-based employers announced 64,797 job cuts, the second-lowest monthly total for 2020. It is 19.7% lower than the 80,666 job cuts announced in October, according to a report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 80,666 Job Cuts in October 2020
Posted: November 5, 2020 at 07:30 AM (Thursday)

October marked the lowest number of layoffs in seven months, as U.S.-based employers announced plans to cut 80,666 jobs from their payrolls, according to a report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 118,804 Job Cuts in September 2020
Posted: October 1, 2020 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers jumped to 118,804 in September, up 2.6% from August’s total of 115,762, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. September’s total is 186% higher than the 41,557 job cuts announced in ...


Challenger Layoffs announced 115,762 Job Cuts in August 2020
Posted: September 3, 2020 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers in August totaled 115,762, 116% higher than the August 2019 total of 53,480, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

August’s total is 56% lower than the 262,649 job cuts announced in July. It is the highest total in August since 2002, when 118,067 job cuts were announced. So far this year, employers have announced 1,963,458 cuts, 231% higher than the 592,556 cuts tracked in ...


Challenger Layoffs announced 262,649 cuts in July 2020
Posted: August 6, 2020 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers jumped in July to 262,649, the third-largest monthly total ever behind April’s 671,129 and May’s 397,016, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, ...


Challenger Layoffs announced 397,016 cuts in June 2020
Posted: July 1, 2020 at 07:30 AM (Wednesday)

Job cuts announced by U.S.-based employers hit 1,238,364 in the second quarter, the highest quarterly total on record, according to a monthly report released Thursday by global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

June job cuts totaled 170,219, down 57% from May’s total of 397,016, and up 306% from the 41,977 cuts recorded in the same month last year. Prior to when cuts began to increase this year in March, it is the highest monthly total since February 2009, when 186,350 job cuts ...


Challenger Layoffs announced 397,016 cuts in May 2020
Posted: June 4, 2020 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers totaled 397,016 in May, down 40.8% from April’s total of 671,129, the highest monthly total on record. Despite the drop, last month’s total is the second highest monthly total on record since global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc. began tracking ...


Challenger Layoffs announced 671,129 cuts in April 2020
Posted: May 7, 2020 at 07:00 AM (Thursday)

Job cuts announced by U.S.-based employers spiked to 671,129, the highest single-month total on record. Challenger began tracking job cut announcements in January 1993. Last month’s total was primarily due to the COVID-19 pandemic, which was cited as the reason for 633,082 job cuts, according to a monthly report released Thursday from ...


Challenger Layoffs announced 222,288 cuts in March 2020
Posted: April 2, 2020 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers surged 292% from February’s total of 56,660 to 222,288 in March. March was the first month to report job cut announcements specifically due to the COVID-19 pandemic, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, ...


Challenger Layoffs announced 56,660 cuts in February 2020
Posted: March 5, 2020 at 08:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell 16.4% from January’s total of 67,735 to 56,660 in February. Despite widespread concern, COVID-19 has not yet caused companies to cut positions, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 67,735 cuts in January
Posted: February 6, 2020 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers jumped 106%, from December’s total of 32,843 to 67,735, the highest monthly total since February 2019, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 32,843 cuts in December
Posted: January 2, 2020 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell for the second consecutive month, to 32,843, the lowest monthly total since 27,122 cuts were announced in July 2018, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & ...


Challenger Layoffs announced 44,569 cuts in November
Posted: December 5, 2019 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell to 44,569 in November, 11.3% lower than the 50,275 cuts announced in October, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 16% lower than the 53,073 cuts announced in the same month last year. ...


Challenger Layoffs announced 50,275 cuts in October
Posted: October 31, 2019 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers jumped to 50,275 in October, 20.97% higher than the 41,557 announced in September, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas, Inc.

Last month’s total is 33.5% lower than the 75,644 cuts announced in the same month last year. October was the second consecutive month during which cuts were lower in 2019 than in the corresponding month one year earlier. ...


Challenger Layoffs announced 41,557 cuts in September
Posted: October 3, 2019 at 07:30 AM (Thursday)

Job cuts announced by U.S.-based employers fell to 41,557 in September, 22.3% lower than the 53,480 announced in August. This is the second lowest monthly total in 2019, according to a report released Thursday from global outplacement and business and executive coaching firm Challenger, Gray & ...


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 & ...



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