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...
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.
biggest corporate cuts factor high job pushing resulted tech
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 deciding fact labor merger serious trim
Now, ... it appears that companies are disregarding the fact that serious labor shortages persist, and are deciding to trim their workforces after a merger or acquisition.
becoming employee fact hunger meal next poverty rapidly reason workplace worried
Poverty and hunger are rapidly becoming a workplace issue... if for no other reason than the fact than an employee who is worried about where his or her next meal will come from is not going to be very productive.
aspect balance both companies cutting economic fact heaviest job looking needs numbers positive present serving terms
Companies are looking at their staffing needs for the balance of 2001 and the numbers do not present a very positive picture. The most worrisome aspect of the job-cut numbers, in terms of serving as an economic barometer, is the fact that job cutting has been heaviest in both manufacturing and technology.
college degree fact hide people successful
People who don't have a college degree often feel they have to hide that fact - even successful people.
areas economy eliminated employers factories running
Even in this runaway economy that has some factories running 24 hours, ... employers are still able to find areas that can be trimmed or eliminated altogether.
above cuts employers fact february focused indicator job market reason remained strong though
Even though February job cuts showed a significant decline, there is no reason to think the job market is rebounding, ... The fact that cuts remained above 100,000 is a strong indicator that employers are still focused on contraction.
certainly expansion expect factors hiring job repeat seekers taking tremendous
These ... factors are going to keep hiring from taking off in 2004. Job seekers certainly should not expect to see a repeat of the tremendous job expansion of the mid-to-late 1990s.
factory job line manager maybe people plant work
People who have been out for a while say, 'I've got to get back to work,' so they take downgraded jobs, ... Maybe they can't get a job as the plant manager, so they try to get a job as a manager on the factory line and work their way back up.
favorable joined retailers sign
It is a favorable sign that retailers have not joined in the job-cutting spree,
candidates employers salary screening sharpening toughest
Employers have all the cards, ... Not only are they sharpening their salary pencils, but the screening of candidates is probably the toughest it's ever been.
bosses creating jobs leave people relationship strong telling
A lot of people leave jobs because they say, 'I had no freedom. I had no say,' ... People don't want bosses who are ... just telling them what to do and not creating a strong collegial relationship with give and take.
earnings job quick slash wholesale
As earnings fall, corporations are quick to slash compensation costs, and that is brining about wholesale job cuts.