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Challenger Job Cuts: Difference between revisions

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Challenger Job Cuts (view source)

Revision as of 16:51, 7 December 2023

1,501 bytes added ,  7 December 2023
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Line 317: Line 317:
|-
|-
!November
!November
|
|45,510
|76,835
|76,835
|-
|-
Line 325: Line 325:
|-
|-
!TOTAL
!TOTAL
|'''641,350'''
|'''686,860'''
|'''363,824'''
|'''363,824'''
|}
|}
Line 337: Line 337:
!23-Sep
!23-Sep
!23-Oct
!23-Oct
!23-Nov
!YTD 2022
!YTD 2022
!YTD 2023
!'''YTD 2023'''
!'''Y/Y %'''
!'''Y/Y %'''
|-
|-
Line 347: Line 348:
|827
|827
|451
|451
|1,618
|953
|7,220
|1,886
|346.23%
|8,173
|333.35%
|-
|-
|Apparel
|Apparel
Line 357: Line 359:
|192
|192
|435
|435
|484
|778
|2,525
|545
|421.69%
|3,303
|506.06%
|-
|-
|Automotive
|Automotive
Line 367: Line 370:
|4,769
|4,769
|1,530
|1,530
|28,975
|2,059
|26,744
|30,669
| -7.70%
|28,803
| -6.08%
|-
|-
|Chemical
|Chemical
Line 377: Line 381:
|
|
|199
|199
|93
|0
|0
|1,092
|1,185
|
|
|-
|-
Line 387: Line 392:
|496
|496
|78
|78
|3,983
|385
|4,968
|6,595
|24.73%
|5,353
| -18.83%
|-
|-
|Consumer Products
|Consumer Products
Line 397: Line 403:
|3,497
|3,497
|2,080
|2,080
|9,529
|2,131
|32,968
|13,705
|245.98%
|35,099
|156.10%
|-
|-
|Education
|Education
Line 407: Line 414:
|248
|248
|812
|812
|5,835
|1,360
|8,938
|5,933
|53.18%
|10,298
|73.57%
|-
|-
|Electronics
|Electronics
Line 417: Line 425:
|127
|127
|140
|140
|615
|836
|836
|2,176
|2,791
|160.29%
|233.85%
|-
|-
|Energy
|Energy
Line 427: Line 436:
|318
|318
|172
|172
|1,992
|481
|1,983
|2,022
| -0.45%
|2,464
| 21.86%
|-
|-
|Entertainment/Leisure
|Entertainment/Leisure
Line 437: Line 447:
|1,442
|1,442
|945
|945
|16,804
|1,339
|14,086
|17,861
| -16.17%
|15,425
|  -13.64%
|-
|-
|Financial
|Financial
Line 447: Line 458:
|334
|334
|3,419
|3,419
|16,355
|3,698
|47,094
|17,571
|187.95%
|50,792
|189.07%
|-
|-
|FinTech
|FinTech
Line 457: Line 469:
|185
|185
|340
|340
|7,233
|2,700
|11,527
|8,125
|59.37%
|14,227
|75.10%
|-
|-
|Food
|Food
Line 467: Line 480:
|199
|199
|1,566
|1,566
|8,992
|1,165
|14,749
|9,492
|64.02%
|15,914
|67.66%
|-
|-
|Government
|Government
Line 477: Line 491:
|400
|400
|6
|6
|5,620
|106
|1,685
|5,735
| -70.02%
|1,791
| -68.77%
|-
|-
|Health Care/Products
|Health Care/Products
Line 487: Line 502:
|3,976
|3,976
|1,818
|1,818
|26,046
|3,329
|54,429
|29,031
|108.97%
|57,758
|98.95%
|-
|-
|Industrial Goods
|Industrial Goods
Line 497: Line 513:
|991
|991
|546
|546
|5,562
|2,037
|6,480
|6,526
|16.50%
|8,517
|30.51%
|-
|-
|Insurance
|Insurance
Line 507: Line 524:
|2,029
|2,029
|2,752
|2,752
|1,286
|1,229
|7,777
|2,308
|504.74%
|9,006
|290.21%
|-
|-
|Legal
|Legal
Line 517: Line 535:
|
|
|
|
|322
|0
|0
|1,115
|1,437
|
|
|-
|-
Line 527: Line 546:
|296
|296
|468
|468
|3,027
|443
|19,881
|3,372
|556.79%
|20,324
|502.73%
|-
|-
|Mining
|Mining
Line 537: Line 557:
|525
|525
|
|
|319
|161
|161
|1,225
|1,544
|660.87%
|859.01%
|-
|-
|Non-Profit
|Non-Profit
Line 547: Line 568:
|351
|351
|
|
|2,524
|445
|3,560
|2,607
|41.05%
|4,005
|53.62%
|-
|-
|Pharmaceutical
|Pharmaceutical
Line 557: Line 579:
|731
|731
|1,624
|1,624
|4,551
|1,473
|10,025
|5,797
|120.28%
|11,498
|98.34%
|-
|-
|Real Estate
|Real Estate
Line 567: Line 590:
|270
|270
|385
|385
|7,206
|99
|7,325
|7,919
|1.65%
|7,424
| -6.25%
|-
|-
|Retail
|Retail
Line 577: Line 601:
|14,958
|14,958
|1,469
|1,469
|20,191
|6,548
|72,182
|20,564
|257.50%
|78,730
|282.85%
|-
|-
|Services
|Services
Line 587: Line 612:
|6,288
|6,288
|2,081
|2,081
|20,156
|948
|43,413
|21,213
|115.38%
|44,361
|109.12%
|-
|-
|Technology
|Technology
Line 597: Line 623:
|2,537
|2,537
|6,524
|6,524
|28,207
|5,049
|158,513
|80,978
|461.96%
|163,562
|101.98%
|-
|-
|Telecommunications
|Telecommunications
Line 607: Line 634:
|38
|38
|1,258
|1,258
|500
|768
|768
|19,941
|20,441
|2496.48%
|2561.59%
|-
|-
|Transportation
|Transportation
Line 617: Line 645:
|140
|140
|1,600
|1,600
|3,933
|3,515
|8,857
|6,060
|125.20%
|12,372
|104.16%
|-
|-
|Utility
|Utility
Line 627: Line 656:
|449
|449
|
|
|150
|1,063
|1,063
|1,122
|1,272
|5.55%
|19.66%
|-
|-
|Warehousing
|Warehousing
Line 637: Line 667:
|844
|844
|4,138
|4,138
|10,401
|1,241
|47,750
|10,831
|359.09%
|48,991
|352.32%
|-
|-
|'''TOTAL'''
|'''TOTAL'''
Line 647: Line 678:
|'''47,457'''
|'''47,457'''
|'''36,836'''
|'''36,836'''
|'''243,338'''
|'''45,510'''
|'''641,350'''
|'''320,173'''
|'''163.56%'''
|'''686,860'''
|'''114.53%'''
|}
|}


Line 656: Line 688:
!
!
!'''Sep-23'''
!'''Sep-23'''
|'''Oct-23'''
!'''Oct-23'''
|'''YTD'''
!Nov-23
!'''YTD'''
|-
|-
|Market/Economic Conditions
|Market/Economic Conditions
|3,628
|3,628
|243
|243
|225,562
|2,529
|228,091
|-
|-
|Closing
|Closing
|19,462
|19,462
|7,365
|7,365
|101,880
|19,863
|117,207
|-
|-
|No Reason Provided
|No Reason Provided
|11,971
|11,971
|9,650
|9,650
|97,344
|7,561
|109,441
|-
|-
|Cost-Cutting
|Cost-Cutting
|1,305
|1,305
|2,444
|2,444
|61,997
|4,084
|66,081
|-
|-
|Restructuring
|Restructuring
|2,344
|2,344
|10,553
|10,553
|49,626
|4,018
|53,644
|-
|-
|Bankruptcy
|Bankruptcy
|102
|102
|
|
|31,651
|220
|31,871
|-
|-
|Financial Loss
|Financial Loss
|136
|136
|3,991
|3,991
|16,641
|1,690
|18,331
|-
|-
|Demand Downturn
|Demand Downturn
|650
|650
|725
|725
|13,381
|562
|13,943
|-
|-
|Voluntary Severance/Buyouts
|Voluntary Severance/Buyouts
|1,336
|1,336
|240
|240
|11,808
|200
|12,008
|-
|-
|Contract Loss
|Contract Loss
|2,338
|2,338
|676
|676
|9,435
|1,176
|10,611
|-
|-
|Acquisition/Merger
|Acquisition/Merger
|171
|171
|132
|132
|7,004
|2,907
|9,911
|-
|-
|Artificial Intelligence
|Artificial Intelligence
|30
|30
|100
|100
|
|4,097
|4,097
|-
|-
Line 722: Line 767:
|3,200
|3,200
|400
|400
|
|3,710
|3,710
|-
|-
|Outsourcing Operations Outside the US
|Outsourcing Operations Outside the US
|202
|202
|
|
|
|2,202
|2,202
Line 732: Line 779:
|
|
|
|
|1,585
|167
|1,752
|-
|-
|Cyberattack
|Cyberattack
|
|
|282
|282
|883
|340
|1,223
|-
|-
|Relocation (Domestic)
|Relocation (Domestic)
|
|
|
|
|
Line 747: Line 797:
|99
|99
|
|
|513
|103
|616
|-
|-
|Looting/Violence
|Looting/Violence
|383
|383
|
|
|383
|90
|451
|-
|-
|Consolidation
|Consolidation
|
|
|
|
|361
|
|383
|-
|-
|Natural Disaster
|Natural Disaster
|
|
|
|
|
Line 767: Line 821:
|100
|100
|35
|35
|
|135
|135
|-
|-
|Supply Shortage
|Supply Shortage
|
|
|
|
|
Line 777: Line 833:
|'''47,457'''
|'''47,457'''
|'''36,836'''
|'''36,836'''
|'''641,350'''
|'''45,510'''
|'''686,860'''
|}
|}
=== November 2023 ===
U.S.-based employers announced 45,510 cuts in November, a 24% increase from the 36,836 cuts announced one month prior. It is 41% lower than the 76,835 cuts announced in the same month in 2022.<ref>https://omscgcinc.wpenginepowered.com/wp-content/uploads/2023/12/Challenger-Report-November-23.pdf</ref>
* So far this year, companies have announced plans to cut 686,860 jobs, a 115% increase from the 320,173 cuts announced in the same period last year. It is the highest January-November total since 2020, when 2,227,725 cuts were recorded. Prior to 2020, it is the highest year-to-date total since 1,242,936 cuts were announced through November 2009.
* In November, employers announced plans to hire 15,566 workers, for a total of 775,501. This is the lowest year-to-date total for announced hiring plans since 2015, when 679,286 hiring plans were recorded through November


=== October 2023 ===
=== October 2023 ===
Line 915: Line 978:
|-
|-
|October
|October
|35,202
|33,602
|237,380
|237,380
|52,042
|52,042
Line 926: Line 989:
|-
|-
|November
|November
|
|15,566
|30,203
|30,203
|6,527
|6,527
Line 948: Line 1,011:
|-
|-
|'''TOTAL'''
|'''TOTAL'''
|'''761,535'''
|'''775,501'''
|'''1,482,364'''
|'''1,482,364'''
|'''1,752,417'''
|'''1,752,417'''
Line 959: Line 1,022:
|-
|-
|'''Monthly Average'''
|'''Monthly Average'''
|'''76,154'''
|'''70,500'''
|'''140,047'''
|'''130,061'''
|'''165,591'''
|'''151,130'''
|'''292,809'''
|'''283,054'''
|'''116,238'''
|'''107,403'''
|'''98,701'''
|'''91,130'''
|'''103,114'''
|'''99,312'''
|'''72,451'''
|'''75,773'''
|'''66,926'''
|'''61,753'''
|-
|-
|'''YTD'''
|'''YTD'''
|  
|  
|'''1,400,468'''
|'''1,430,671'''
|'''1,655,906'''
|'''1,662,433'''
|'''2,928,091'''
|'''3,113,595'''
|'''1,162,375'''
|'''1,181,438'''
|'''987,007'''
|'''1,002,429'''
|'''1,031,136'''
|'''1,092,436'''
|'''724,510'''
|'''833,504'''
|'''669,260'''
|'''679,286'''
|}
|}


Line 986: Line 1,049:
!23-Sep
!23-Sep
!23-Oct
!23-Oct
!23-Nov
!YTD 2023
!YTD 2023
!YTD 2022
!YTD 2022
Line 993: Line 1,057:
|3,820
|3,820
|250
|250
|11,080
|793
|13,211
|11,873
|  -16%
|14,039
|  -15.43%
|-
|-
|Apparel
|Apparel
|20
|20
|432
|432
|452
|150
|602
|1,973
|1,973
|  -77%
|  -69.49%
|-
|-
|Automotive
|Automotive
|1,378
|1,378
|3,007
|3,007
|15,273
|50
|32,049
|15,323
|  -52%
|33,454
|  -54.20%
|-
|-
|Chemical
|Chemical
|225
|225
|
|
|1,175
|100
|469
|1,275
|151%
|1,919
| -33.56%
|-
|-
|Construction
|Construction
|808
|808
|340
|340
|6,908
|544
|8,140
|7,452
|  -15%
|8,637
|  -13.72%
|-
|-
|Consumer Products
|Consumer Products
|535
|535
|3,155
|3,155
|7,435
|655
|18,760
|8,090
|  -60%
|19,512
|  -58.54%
|-
|-
|Education
|Education
|668
|668
|120
|120
|
|1,943
|1,943
|8,342
|8,419
|  -77%
|  -76.92%
|-
|-
|Electronics
|Electronics
|50
|50
|160
|160
|904
|500
|1,404
|5,013
|5,013
|  -82%
|  -71.99%
|-
|-
|Energy
|Energy
|4,684
|4,684
|3,517
|3,517
|20,680
|30
|6,306
|20,710
|228%
|7,704
|168.82%
|-
|-
|Entertainment/Leisure
|Entertainment/Leisure
|282
|282
|51
|51
|20,345
|150
|114,728
|20,495
|  -82%
|115,864
|  -82.31%
|-
|-
|Financial
|Financial
|50
|50
|100
|100
|7,977
|430
|20,841
|8,407
|  -62%
|21,561
|  -61.01%
|-
|-
|FinTech
|FinTech
|
|
|
|
|
|50
|50
|4,398
|5,098
|  -99%
|  -99.02%
|-
|-
|Food
|Food
|465
|465
|1,247
|1,247
|6,056
|1,460
|29,630
|7,516
|  -80%
|31,149
|  -75.87%
|-
|-
|Government
|Government
|30,048
|30,048
|251
|251
|34,362
|7,500
|121,632
|41,862
|  -72%
|122,342
|  -65.78%
|-
|-
|Health Care/Products
|Health Care/Products
|50
|50
|71
|71
|6,705
|125
|26,811
|6,830
|  -75%
|27,298
|  -74.98%
|-
|-
|Industrial Goods
|Industrial Goods
|634
|634
|187
|187
|7,545
|440
|19,154
|7,985
|  -61%
|20,100
|  -60.27%
|-
|-
|Insurance
|Insurance
|200
|200
|
|
|
|229
|229
|1,188
|1,188
|  -81%
|  -80.72%
|-
|-
|Legal
|Legal
|20
|20
|
|
|
|20
|20
|20
|20
|0%
|0.00%
|-
|-
|Media
|Media
|
|
|
|
|
|11
|11
|2,270
|2,360
|  -100%
|  -99.53%
|-
|-
|Mining
|Mining
|
|
|
|
|
|0
|0
|1,025
|1,025
|  -100%
|  -100.00%
|-
|-
|Non-Profit
|Non-Profit
|
|
|120
|120
|
|3,137
|3,137
|13,830
|13,830
|  -77%
|  -77.32%
|-
|-
|Pharmaceutical
|Pharmaceutical
|
|
|129
|129
|3,479
|85
|6,399
|3,564
|  -46%
|7,412
|  -51.92%
|-
|-
|Real Estate
|Real Estate
|75
|75
|9,293
|9,293
|
|12,778
|12,778
|5,536
|5,536
| 131%
| 130.82%
|-
|-
|Retail
|Retail
|438,420
|438,420
|15
|15
|440,883
|10
|718,143
|440,893
|  -39%
|727,143
|  -39.37%
|-
|-
|Services
|Services
|237
|237
|312
|312
|6,043
|502
|21,105
|6,545
|  -71%
|24,318
|  -73.09%
|-
|-
|Technology
|Technology
|3,000
|3,000
|285
|285
|18,991
|1,500
|51,000
|20,491
|  -63%
|53,275
|  -61.54%
|-
|-
|Telecommunications
|Telecommunications
|400
|400
|
|
|2,181
|60
|6,476
|2,241
|  -66%
|7,401
|  -69.72%
|-
|-
|Transportation
|Transportation
|100,200
|100,200
|
|
|
|105,352
|105,352
|123,082
|123,232
|  -14%
|  -14.51%
|-
|-
|Utility
|Utility
|541
|541
|60
|60
|1,480
|471
|1,951
|530
|530
|179%
|268.11%
|-
|-
|Warehousing
|Warehousing
|3,543
|3,543
|12,100
|12,100
|18,061
|11
|18,407
|18,072
|  -2%
|19,319
|  -6.45%
|-
|-
|'''TOTAL'''
|'''TOTAL'''
|'''590,353'''
|'''590,353'''
|'''35,202'''
|'''35,202'''
|'''761,535'''
|'''15,566'''
|'''1,400,468'''
|'''777,101'''
|'''-46%'''
|'''1,430,671'''
|'''-45.68%'''
|}
|}


== References ==
== References ==
Retrieved from "https://investmentwiki.mywikis.eu/wiki/Special:MobileDiff/10190"