John Challenger
John Challenger
Challenger, Gray & Christmas, with headquarters located in Chicago, Illinois, is the oldest executive outplacement firm in the US. It has offices throughout North America...
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The pattern of job cutting that we saw in the third quarter mirrors what we have been seeing almost daily in the various economic and corporate earnings reports, which is to say one report suggests the economy is headed toward recovery while the next seems to hint that we are stuck in recession,
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For employees in the middle of a merger-acquisition right now, it is likely that at least one in 10 will lose their jobs because of the combination.
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Following the stock price plummet, many companies are running on fumes when it comes to cash.
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It's through those relationships that people make the best moves. Build your social capital.
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It's accelerating right now. I don't think we're near the end of it,
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The field is continually changing, and some companies feel like they're constantly under siege. It takes a special kind of individual just to walk into that, much less take control of it.
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The fallout from these mergers is often measured in jobs as the combined entity cuts overlapping positions and sheds workers in an effort to maintain profit margins.
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The fallout from all of this will likely continue on in December and January with more dot.com closures and job cut announcements,
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The cost may end up being much higher since it will now be possible to watch entire games on the Internet.
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With factors like technology, outsourcing and consolidation working against job creation, any job market rebound we see in the near future will be relatively small,
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Those graduating with degrees in business, engineering, computer science, education and health care should find a relatively welcoming job market.