Challenger, Gray & Christmas, Inc. reported that year-over-year cuts are down 38% compared to last August, indicating a calmer labor market compared to last year's August.

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**What's actually going on?** The most useful comparison reported here is year-over-year: compared to last August: cuts are down 38%. That's the notable signal regarding…

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About Challenger, Gray & Christmas, Inc.

When layoffs and workforce changes happen, we don’t just soften the blow, we deliver the bounce back. Challenger, Gray & Christmas leads the outplacement industry with a coaching-first approach that blends expert coaching, AI-powered tools, and strategic planning to land employees in roles they deserve while protecting company culture and business results. Outplacement for all industries and career levels: We help employees land the roles they deserve, faster, with deeply personalized programs. Executive coaching that drives impact: Our programs elevate leadership potential and sharpen decision-making. Proven results for people & businesses: Companies retain trust, keep morale high with their retained teams, and see measurable ROI. With over 500k individuals helped, our proven programs deliver real impact—on average, clients secure a role in just 2.64 months. For HR leaders, we ensure business continuity with seamless, high-touch support. For individuals, we provide everything they need to take their next step. Follow for the latest reports on career shifts, HR trends, and workplace insights.

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