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Challenger Job Cuts: Difference between revisions

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Challenger Job Cuts (view source)

Revision as of 18:21, 2 November 2023

1,347 bytes added ,  2 November 2023
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|2020
|2020
|346,683
|346,683
| colspan="2" |1,238,364    497,215
|1,238,364     
|497,215
|222,493
|222,493
|2,304,755
|2,304,755
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|2022
|2022
|55,696
|55,696
| colspan="2" |77,515       76,284
|77,515      
|76,284
|154,329
|154,329
|363,824
|363,824
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!Industry
!Industry
!22-Sep
!22-Sep
!22-Oct
!23-Aug
!23-Aug
!23-Sep
!23-Sep
!23-Oct
!YTD 2022
!YTD 2022
!YTD 2023
!YTD 2023
Line 339: Line 343:
|Aerospace/Defense
|Aerospace/Defense
|150
|150
|255
|855
|855
|827
|827
|1,363
|451
|6,769
|1,618
|'''397%'''
|7,220
|346.23%
|-
|-
|Apparel
|Apparel
|
|
|
|404
|404
|192
|192
|435
|484
|484
|2,090
|2,525
|'''332%'''
|421.69%
|-
|-
|Automotive
|Automotive
|221
|221
|53
|1,527
|1,527
|4,769
|4,769
|28,922
|1,530
|25,214
|28,975
|'''-13%'''
|26,744
| -7.70%
|-
|-
|Chemical
|Chemical
|
|
|
|218
|218
|
|
|199
|0
|0
|893
|1,092
|
|
|-
|-
|Construction
|Construction
|357
|357
|2,177
|1,304
|1,304
|496
|496
|1,806
|78
|4,890
|3,983
|'''171%'''
|4,968
|24.73%
|-
|-
|Consumer Products
|Consumer Products
|1,287
|1,287
|958
|3,271
|3,271
|3,497
|3,497
|8,571
|2,080
|30,888
|9,529
|'''260%'''
|32,968
|245.98%
|-
|-
|Education
|Education
|
|
|256
|488
|488
|248
|248
|5,579
|812
|8,126
|5,835
|'''46%'''
|8,938
|53.18%
|-
|-
|Electronics
|Electronics
|
|
|
|28
|28
|127
|127
|140
|836
|836
|2,036
|2,176
|'''144%'''
|160.29%
|-
|-
|Energy
|Energy
|578
|578
|391
|160
|160
|318
|318
|1,601
|172
|1,811
|1,992
|'''13%'''
|1,983
| -0.45%
|-
|-
|Entertainment/Leisure
|Entertainment/Leisure
|1,762
|1,762
|2,076
|453
|453
|1,442
|1,442
|14,728
|945
|13,141
|16,804
|'''-11%'''
|14,086
| -16.17%
|-
|-
|Financial
|Financial
|1,714
|1,714
|1,523
|1,776
|1,776
|334
|334
|14,832
|3,419
|43,675
|16,355
|'''194%'''
|47,094
|187.95%
|-
|-
|FinTech
|FinTech
|910
|910
|1,453
|241
|241
|185
|185
|5,780
|340
|11,187
|7,233
|'''94%'''
|11,527
|59.37%
|-
|-
|Food
|Food
|1,209
|1,209
|1,386
|3,597
|3,597
|199
|199
|7,606
|1,566
|13,183
|8,992
|'''73%'''
|14,749
|64.02%
|-
|-
|Government
|Government
|582
|582
|105
|136
|136
|400
|400
|5,515
|6
|1,679
|5,620
|'''-70%'''
|1,685
| -70.02%
|-
|-
|Health Care/Products
|Health Care/Products
|2,558
|2,558
|2,196
|7,688
|7,688
|3,976
|3,976
|23,850
|1,818
|52,611
|26,046
|'''121%'''
|54,429
|108.97%
|-
|-
|Industrial Goods
|Industrial Goods
|57
|57
|410
|1,090
|1,090
|991
|991
|5,152
|546
|5,934
|5,562
|'''15%'''
|6,480
|16.50%
|-
|-
|Insurance
|Insurance
|155
|155
|135
|51
|51
|2,029
|2,029
|1,151
|2,752
|5,025
|1,286
|'''337%'''
|7,777
|504.74%
|-
|-
|Legal
|Legal
|
|
|
|238
|238
|
|
|
|0
|0
|1,115
|1,115
|
|#DIV/0!
|-
|-
|Media
|Media
|228
|228
|41
|31
|31
|296
|296
|2,986
|468
|19,413
|3,027
|'''550%'''
|19,881
|556.79%
|-
|-
|Mining
|Mining
|
|
|
|
|
|525
|525
|
|161
|161
|1,225
|1,225
|'''661%'''
|660.87%
|-
|-
|Non-Profit
|Non-Profit
|1,081
|1,081
|97
|278
|278
|351
|351
|2,427
|
|2,524
|3,560
|3,560
|'''47%'''
|41.05%
|-
|-
|Pharmaceutical
|Pharmaceutical
|522
|522
|517
|783
|783
|731
|731
|4,034
|1,624
|8,401
|4,551
|'''108%'''
|10,025
|120.28%
|-
|-
|Real Estate
|Real Estate
|560
|560
|511
|1,681
|1,681
|270
|270
|6,695
|385
|6,940
|7,206
|'''4%'''
|7,325
|1.65%
|-
|-
|Retail
|Retail
|9,273
|9,273
|1,978
|6,262
|6,262
|14,958
|14,958
|18,213
|1,469
|70,713
|20,191
|'''288%'''
|72,182
|257.50%
|-
|-
|Services
|Services
|2,308
|2,308
|4,157
|1,754
|1,754
|6,288
|6,288
|15,999
|2,081
|41,332
|20,156
|'''158%'''
|43,413
|115.38%
|-
|-
|Technology
|Technology
|4,212
|4,212
|9,587
|3,198
|3,198
|2,537
|2,537
|18,620
|6,524
|151,989
|28,207
|'''716%'''
|158,513
|461.96%
|-
|-
|Telecommunications
|Telecommunications
|
|
|528
|5,273
|5,273
|38
|38
|240
|1,258
|18,683
|768
|'''7685%'''
|19,941
|2496.48%
|-
|-
|Transportation
|Transportation
|155
|155
|252
|243
|243
|140
|140
|3,681
|1,600
|7,257
|3,933
|'''97%'''
|8,857
|125.20%
|-
|-
|Utility
|Utility
|
|
|199
|
|
|449
|449
|864
|
|1,063
|1,122
|1,122
|'''30%'''
|5.55%
|-
|-
|Warehousing
|Warehousing
|110
|110
|2,602
|32,123
|32,123
|844
|844
|7,799
|4,138
|43,612
|10,401
|'''459%'''
|47,750
|359.09%
|-
|-
|'''TOTAL'''
|'''TOTAL'''
|'''29,989'''
|'''29,989'''
|'''33,843'''
|'''75,151'''
|'''75,151'''
|'''47,457'''
|'''47,457'''
|'''209,495'''
|'''36,836'''
|'''604,514'''
|'''243,338'''
|'''189%'''
|'''641,350'''
|'''163.56%'''
|}
|}


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|'''604,514'''
|'''604,514'''
|}
|}
=== October 2023 ===
U.S.-based employers announced 36,836 cuts in October, a 22% decrease from the 47,457 cuts announced one month prior. It is 9% higher than the 33,843 cuts announced in the same month last year. <blockquote>“Job cut plans have slowed significantly since the first half of the year, and consumers have continued to spend, even in the face of high inflation. Pandemic savings and higher wages have gotten many workers through economic uncertainty,” said Andy Challenger, labor expert and Senior Vice President of Challenger, Gray & Christmas, Inc.</blockquote>
* So far this year, employers have announced plans to cut 641,350 jobs, a 164% increase from the 243,338 cuts announced in the first ten months of 2022. This is the highest January-October total since 2020, when 2,162,928 cuts were announced. It is the second-highest total since 2009, when companies announced 1,192,187 job cuts.
* While Challenger will continue to add seasonal hiring announcements from companies, as of now, it is the lowest year for seasonal hiring announcements since 2013


=== September 2023 ===
=== September 2023 ===
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