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...
announce breathing cloud company cuts leave street wall workers
I don't know what company would announce cuts and then not take them all, ... Not only would Wall Street be breathing down their neck, but it would leave workers under a cloud that more cuts must be coming. I don't think they go into these announcements very lightly.
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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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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.
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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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,
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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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The biggest factor pushing tech job cuts to a five-quarter high was a surge in corporate combinations in the telecom sector, which resulted in over 3,000 job cuts in February.
appears companies create cutting eager heavy hold job market past people reluctant seems seen state three
The heavy job cutting we have seen over the past three years appears to be trending down, ... However, the job market seems to be in a state of limbo, where companies are eager to hold on to people they have, but many are reluctant to create any new jobs.
ahead businesses companies consumer cuts demand despite equipment fewer job looked mean meet months ramp relatively spending starting steady strong technology
Businesses are starting to ramp up spending on new equipment and technology and consumer spending looked relatively strong in January, despite predictions that they were tapped out. This may mean fewer job cuts in the months ahead as companies try to meet the steady demand for their products.
attack cuts economy effects eight heavy job last levels months november reported three
The very heavy downsizing reported in November is more confirmation that the effects of the Sept. 11 attack on the economy have been substantial. In the eight years we have tracked job cuts data, the downsizing for the last three months has been at levels never before seen.
ceo changes cuts followed further high job leading number top year
Changes at the top are typically followed by changes further down the ladder. However, the high number of job cuts this year could also be leading to CEO changes.
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Job cuts are likely to continue in the telecommunications industry, which is still not able to see the light at the end of the tunnel,
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If job cuts in the auto industry continue and we start to see consistently high job-cut numbers from the top three job cutters in July, it should set off some relatively loud alarm bells about the state of the job market and economy.