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 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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More and more human resource executives are coming to the realization that they can no longer drag their heels on hiring decisions. If they do, it is increasingly likely that the candidate will be off the market before the offer is made.
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Consumers watched the stock market fall, heating-fuel prices rise, and to top it all off, employers launched a year-end job cut spree.
areas companies cut expand
as companies expand in one area, they often cut in the areas that do not show as much promise.
business home improvement
Retailers, restaurants, real estate, home improvement stores... will all see business decline.
growth jobs means moving people turbulence
People are moving to where the jobs and the growth are occurring. That means a lot more turbulence in people's lives.
corporate cutting fact financial found heavy indicate job jobs nearly permanent sector strong sudden
The heavy year-end downsizing does not necessarily indicate a sudden weakening of the economy, ... The fact is, job cutting has become a permanent part of the corporate cost-management mix, as demonstrated by the fact that a strong financial sector still found nearly 100,000 jobs to eliminate.
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It used to be taken for granted that you wouldn't do layoffs during the holidays, but that hasn't been the case for at least several years.
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It would appear, ... that many of the smaller, more independent dot.com firms have been swallowed up by their larger competitors or have fallen into bankruptcy and eventual closure.
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Continued job cutting as a result of a slowing economy and increased outsourcing could prompt a significant decline in job security and a subsequent reduction in consumer spending just as we head into the all-important holiday shopping season,
either eliminated jobs large majority obsolete technology
Between technology and globalization, a large majority of U.S. white-collar jobs will become obsolete and either eliminated or dramatically altered,
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Merger/acquisition activity was the second leading cause of job cuts (in January), behind cost-cutting. It will continue to be among the top job-cut reasons this year as an improving economy and increased competition force industry consolidation.
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Now is the time when companies finalize their budgets for the coming year or make last-minute cutbacks to improve the year-end bottom line,
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The job market appears to be stuck in the mud. Every time it looks as if things are going to rebound for the nation's workers, a series of reports deflates the optimism,