2019年11月美国裁员报告.pdf

-more- CONTACT Colleen Madden Blumenfeld, Director of Public Relations Office: 312-422-5074 Mobile: 314-807-1568 colleenmaddenchallengergray FOR RELEASE AT 7:30 A.M. ET, THURSDAY, DECEMBER 5, 2019 IN PENULTIMATE MONTH OF THE YEAR, JOB CUTS FALL 11%; YTD UP 13% CHICAGO, December 5, 2019 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 months total is 16% lower than the 53,073 cuts announced in the same month last year. Employers have announced plans to cut 559,713 jobs from their payrolls, 13.1% higher than the 494,775 cuts announced through November last year. It is the highest January-November total since 2015, when 574,888 cuts were announced. Job cuts announced in 2019 have already surpassed the full-year total in 2018, when 538,659 cuts were announced. “Employers did not make large-scale job cut plans in November. While concerns of a downturn may linger, consumer confidence is strong and companies are holding on to their employees in a tight labor market,” said Andrew Challenger, Vice President of Challenger, Gray & Christmas, Inc. November cuts were led by the Technology sector, which announced 7,292 cuts last month. So far this year, Technology companies have announced plans to cut 63,447 jobs from their payrolls, the third-highest total for any industry through November. The Technology sectors total is 380% higher than the 13,222 cuts announced in this industry in the same period last year. - 2 - “The Tech sector is undergoing major changes due to an evolving landscape. New technologies are changing the way people work and often make workplaces more efficient. In addition to potential staffing changes, there may be differences within the leadership and board ranks regarding exactly which path a company will take. In fact, we have tracked the highest number of chief executive officer changes in the Tech sector on record this year,” said Challenger. Indeed, 181 chief executives have left their posts in the Technology sector through October this year, the latest month for which we have data. That is 46% higher than the 124 Tech CEOs who left their posts through October 2018, and 19.1% higher than the 152 Tech CEOs who left their posts during the whole of 2018. The next-highest year for Tech CEO turnover occurred in 2006, when 163 CEOs left Technology companies.* Health Care companies, including hospitals and medical products manufacturers, announced the second-highest total in November, with 6,247, the highest monthly total for the sector since January 2018, when 6,531 cuts were announced. Hospitals and other patient care facilities, such as nursing homes and psychiatric facilities, cited lower Medicare and Medicaid reimbursements, declining revenue, and the changing care landscape. Retail continues to lead all sectors in 2019 with 74,686 cuts, 3,201 of which occurred in November. Industrial Goods manufacturers follow with 68,141, 173% higher than the 24,960 announced through November last year. It is the highest January-October total for the sector since 2009, when 107,895 cuts were announced. Automotive companies have announced 47,518 job cuts this year, 66.6% higher than the 28,529 announced through the same point last year. Challenger tracked 14,000 job cuts announced by General Motors in the Automotive sector one year ago in November. It is the highest total in the first 11 months of the year since 2009, when 165,281 cuts were recorded. Meanwhile, hiring plans by U.S.-based employers are at a record high. Through October, companies have announced 1,181,438 hiring plans, 564,781 of which are for the holiday season (Table 8). # # # Note: Challenger has updated the names of two industries to better describe the companies that are tracked therein. “Computer” will now be labeled “Technology” and “Commodities” will now be called “Mining.” Challenger is also breaking out Financial Tech firms, which will be referred to as “FinTech.” These changes are represented in Table 2 (Job Cuts by Industry) and Table 7 (Announced Hiring Plans). - 3 - *Our report on November CEO turnover will be released Wednesday, December 11th at 7:00 a.m. ET. - 4 - CHALLENGER, GRAY & CHRISTMAS, INC. JOB CUT ANNOUNCEMENT REPORT Table 1: EXECUTIVE SUMMARY TOP FIVE INDUSTRIES Year To Date 2019 2018 Retail 74,686 96,504 Industrial Goods 68,141 24,960 Technology 63,447 13,222 Automotive 47,518 28,529 Health Care/Products 43,443 39,443 MONTH-BY-MONTH TOTALS 2019 2018 January 52,988 44,653 February 76,835 35,369 March 60,587 60,357 April 40,023 36,081 May 58,577 31,517 June 41,977 37,202 July 38,845 27,122 August 53,480 38,472 September 41,557 55,285 October 50,275 75,644 November 44,569 53,073 December 43,884 TOTAL 559,713 538,659 Some reductions are identified by employers as workers who will take early retirement offers or other special considerations to leave the company. LAYOFF LOCATION Year To Date California 97,010 New York 58,130 Massachusetts 36,336 Texas 32,615 Illinois 30,333 Listings are identified by the location of the layoff or corporate headquarters as stated in announcement. Copyright 2019 Challenger, Gray & Christmas, Inc. - 5 - CHALLENGER, GRAY & CHRISTMAS, INC. JOB CUT ANNOUNCEMENT REPORT Table 2: JOB CUTS BY INDUSTRY 18-Nov 19-Oct 19-Nov YTD 2018 YTD 2019 YoY Percentage Change Aerospace/Defense 407 774 839 6,122 7,566 23.6% Apparel 259 217 223 1,365 2,046 49.9% Automotive 14,040 1,965 4,493 28,529 47,518 66.6% Chemical 1,791 104 87 2,680 1,154 -56.9% Construction 476 385 261 2,267 3,971 48.2% Consumer Products 1,527 1,373 1,528 30,733 16,673 -45.7% Education 395 248 750 9,529 15,626 64% Electronics 238 169 12,302 1,964 -84.0% Energy 1,242 1,011 1,461 7,964 25,239 216.9% Entertainment/Leisure 2,865 1,447 2,081 12,775 14,389 12.6% Financial 315 1,672 1,110 41,351 22,199 -46.3% FinTech 195 0 1,696 Food 3,264 1,136 1,962 14,627 23,134 58.2% Government 1,119 77 920 3,621 13,364 269.1% Health Care/Products 4,300 5,400 6,247 39,443 43,443 10.1% Industrial Goods 2,514 2,562 4,636 24,960 68,141 173% Insurance 1,668 50 205 6,801 3,135 -53.9% Legal 304 428 0 -100.0% Media 589 720 553 11,875 9,751 -17.9% Mining 1,317 692 524 6,521 1,144.4% Non-Profit 209 237 157 2,208 3,147 42.5% Pharmaceutical 483 2,243 588 10,618 11,219 5.7% Real Estate 91 302 448 2,348 424.1 Retail 3,769 6,127 3,201 96,504 74,686 -22.6% Services 3,716 1,761 3,004 30,563 24,534 -19.7% Technology 3,588 15,898 7,292 13,222 63,447 379.9% Telecommunications 177 75 59,518 14,983 -74.8% Transportation 2,433 1,307 1,104 19,135 26,445 38.2% Utility 166 400 231 2,475 1,794 -27.5% Warehousing 1,305 1,667 203 2,188 9,580 337.8% TOTAL 53,073 50,275 44,569 494,775 559,713 13.1% Copyright 2019 Challenger, Gray & Christmas, Inc. - 6 - CHALLENGER, GRAY & CHRISTMAS, INC. JOB CUT ANNOUNCEMENT REPORT Table 3: JOB CUTS BY REGION, STATE EAST November YTD 2019 YTD 2018 Connecticut 169 2,914 4,644 Delaware 80 605 247 Dist. of Columbia 60 2,214 407 Maine 62 2,165 297 Maryland 214 3,918 4,238 Massachusetts 493 36,336 9,471 New Hampshire 10 75 330 New Jersey 8,874 19,565 42,138 New York 2,555 58,130 74,512 Pennsylvania 1,144 22,855 15,903 Rhode Island 61 1,156 YoY Percentage Change Vermont 78 416 332 Eastern U.S. TOTAL 13,739 149,254 153,675 -2.9% MIDWEST November YTD 2019 YTD 2018 Illinois 1,845 30,333 16,188 Indiana 2,624 8,135 5,761 Iowa 27 3,540 7,792 Kansas 99 1,554 1,955 Michigan 1,013 29,113 22,424 Minnesota 1,828 9,151 8,763 Missouri 319 4,006 8,142 Nebraska 84 3,346 3,270 Ohio 1,180 15,864 24,556 YoY Percentage Change Wisconsin 1,115 8,212 18,647 Midwestern U.S. TOTAL 10,134 113,254 117,498 -3.6% Copyright 2019 Challenger, Gray & Christmas, Inc. - 7 - CHALLENGER, GRAY & CHRISTMAS, INC. JOB CUT ANNOUNCEMENT REPORT Table 3 (contd): JOB CUTS BY REGION, STATE WEST November YTD 2019 YTD 2018 Alaska 3,777 1,238 Arizona 748 6,358 3,722 California 4,982 97,010 91,622 Colorado 962 8,656 4,671 Hawaii 688 117 Idaho 1,827 1,256 Montana 318 50 Nevada 100 2,669 210 New Mexico 85 2,389 1,543 North Dakota 150 436 Oklahoma 46 1,097 1,863 Oregon 1,218 4,095 1,745 South Dakota 74 976 1,348 Texas 2,223 32,615 26,278 Utah 884 2,106 Washington 1,200 10,940 4,964 YoY Percentage Change Wyoming 1,961 362 Western U.S. TOTAL 11,638 176,410 143,531 22.9% SOUTH November YTD 2019 YTD 2018 Alabama 234 2,150 3,847 Arkansas 1,378 1,205 Florida 1,369 16,873 18,386 Georgia 2,074 14,449 10,736 Kentucky 1,118 8,020 4,964 Louisiana 81 5,359 3,943 Mississippi 15 2,701 2,394 North Carolina 583 14,280 12,837 South Carolina 320 10,603 5,477 Tennessee 852 17,372 4,851 Virginia 2,377 24,948 9,357 YTD Percentage Change West Virginia 35 2,662 2,074 Southern U.S. TOTAL 9,058 120,795 80,071 50.9% Copyright 2019 Challenger, Gray & Christmas, Inc. - 8 - CHALLENGER, GRAY & CHRISTMAS, INC. JOB CUT ANNOUNCEMENT REPORT Table 4: JOB CUTS BY REASON November YTD Restructuring 10,962 132,401 Closing 12,067 123,036 No Reason Provided 7,150 69,437 Bankruptcy 2,247 56,613 Cost-Cutting 5,231 53,919 Contract Loss 1,571 23,866 Voluntary Severance/Buyouts 300 16,104 Demand Downturn 1,484 15,272 Acquisition/Merger 243 14,283 Trade Difficulties 484 10,991 Relocation (Domestic) 1,097 7,621 Market Conditions 278 6,569 Government Regulation 4 4,923 Tariffs 250 4,076 Financial Losses 25 3,138 Labor Dispute 2,576 Fires 2,455 Relocation (International) 67 1,720 Coal Downturn 425 1,712 Natural Gas Downturn 450 1,415 Technological Update 1,289 Outsourcing Operations to Another U.S. Company 77 991 Consolidation 797 Legal Trouble 622 Hurricane Michael 600 ICE Inquiry 540 Reduced Medicaid/Medicare Payouts 434 Competition 48 420 Steel Downturn 405 Fired 303 Listeria 200 Low Interest Rates 200 Hurricane Florence 115 Reorganization 113 Environmental Regulations 100 Lack of Cannabis Regulation 100 100 New Focus 89 Climate Legislation 60 Contract Dispute 50 Privatization 40 Price Downturn 40 Flood 25 Vaping Legislation 9 24 Dispute with Government over FSA 23 Hurricane Matthew 6 TOTAL 44,569 559,713 - 9 - CHALLENGER, GRAY & CHRISTMAS, INC. JOB CUT ANNOUNCEMENT REPORT Table 5: QUARTER BY QUARTER Q1 Q2 Q3 Q4 TOTAL 1989 9,850 10,100 24,085 67,250 111,285 1990 107,052 87,686 49,104 72,205 316,047 1991 110,056 76,622 147,507 221,107 555,292 1992* 110,815 85,486 151,849 151,850 500,000 1993 170,615 84,263 194,486 165,822 615,186 1994 192,572 107,421 117,706 98,370 516,069 1995 97,716 114,583 89,718 137,865 439,882 1996 168,695 101,818 91,784 114,850 477,147 1997 134,257 51,309 95,930 152,854 434,350 1998 139,140 131,303 161,013 246,339 677,795 1999 210,521 173,027 173,181 118,403 675,132 2000 141,853 81,568 168,875 221,664 613,960 2001 406,806 370,556 594,326 585,188 1,956,876 2002 478,905 292,393 269,090 426,435 1,466,823 2003 355,795 274,737 241,548 364,346 1,236,426 2004 262,840 209,895 251,585 315,415 1,039,735 2005 287,134 251,140 245,378 288,402 1,072,054 2006 255,878 180,580 202,771 200,593 839,822 2007 195,986 197,513 194,095 180,670 768,264 2008 200,656 275,292 287,142 460,903 1,223,993 2009 562,510 318,165 240,233 151,122 1,120,908 2010 181,183 116,494 113,595 118,701 529,973 2011 130,749 115,057 233,258 127,018 606,082 2012 143,094 139,997 102,910 137,361 523,362 2013 145,041 113,891 128,452 121,667 509,051 2014 121,341 124,693 117,374 119,763 483,171 2015 140,214 147,458 205,759 105,079 598,510 2016 180,920 132,834 121,858 91,303 526,915 2017 126,201 100,799 94,478 97,292 418,770 2018 140,379 104,800 120,879 172,601 538,659 2019 190,410 140,577 133,882 464,869 AVG 196,748 152,002 173,027 195,907 *Estimate based on half-year total. Challenger began tracking job cut data in 1993. Before that, it was tabulated by an independent newsletter no longer published. - 10 - Copyright 2019 Challenger, Gray & Christmas, Inc. CHALLENGER, GRAY & CHRISTMAS, INC. JOB CUT ANNOUNCEMENT REPORT Table 6: ANNOUNCED HIRING PLANS By Month 2019 2018 2017 2016 2015 2014 January 74,040 41,890 136,501 8,362 8,774 6,312 February 15,279 139,925 25,765 7,539 14,574 11,054 March 96,368 14,525 127,006 10,997 6,412 6,860 April 258,302 13,842 61,537 11,557 13,898 11,145 May 8,663 9,889 77,447 24,732 12,598 10,141 June 11,946 13,504 40,095 13,564 11,176 15,530 July 22,316 9,823 88,142 16,051 11,637 16,544 August 24,937 17,274 14,530 9,101 11,778 9,657 September 459,689 595,997 422,726 487,075 492,306 567,705 October 190,835 130,338 37387 135,532 86,107 147,935 November 19,063 15,422 61,300 108,994 10,026 11,291 December 15,999 8,218 35,198 11,465 7,332 TOTAL 1,181,438 1,018,428 1,100,654 868,702 690,751 821,506 NOTES: In March, The Home Depot announced 80,000 hires. In April, McDonalds announced 250,000 hires. For Seasonal Hiring Announcements, see Table 8. Copyright 2019 Challenger, Gray & Christmas, Inc.