Changes in consumer finance led to a 44 percent surge in job cut announcements in September to 55,285. Last month's total was 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. Meanwhile, this is a record year for holiday hiring announcements. So far this season, Challenger has tracked 704,000 announced holiday hiring plans, the most since Challenger began tracking individual announcements in 2012. The report on October job cuts will be released by global outplacement consultancy Challenger, Gray & Christmas, Inc. on Thursday, November 1, at 7:30 a.m. ET.


October CEO Turnover Report Due Wednesday, November 7
A total of 148 Chief Executive Officers left their posts in September, down 3.9 percent from the 154 announced in August, the highest monthly total on record. September departures are the second highest of the year. Last month's total is 46.5 percent higher than the 101 CEOs who left their posts in September 2017. With the exception of August, September saw the highest monthly total since May 2006, when the same number of CEOs left their posts. Third-quarter departures reached 396, the highest quarterly total of CEO changes since the firm began tracking CEO turnover in 2002. Does high CEO turnover indicate a coming economic downturn? The Challenger report on September CEO turnover will be released Wednesday, November 7, at 10:00 a.m. ET.

CONTACT        
Colleen Madden, Director of Public Relations
Office: 312-422-5074
Mobile: 314-807-1568
colleenmadden@challengergray.com