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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Smaller to medium sized companies will be looking to beef up and build tech infrastructure just as big companies did in the last boom.
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Frankly, the September decline was somewhat surprising, considering that the last four months of the year historically have been the heaviest, as employers finalize budgets and business plans for the coming year,
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You should tie up these loose ends a year or two before retiring. Don't wait until the last minute to understand your benefits options.
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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.
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Consumers and companies have been gobbling up new technology in the last 12 to 24 months ... Their technology cup is overflowing, which may lead to a cooling off period until a major technology breakthrough comes along.
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Retailers are being forced to turn into discounters at all levels, and that early transformation to a discounting posture is putting great pressure on profits. Retailers make a good percentage of their profitability in the last two months of the year. This year those earnings are going to be under real pressure. They'll be fighting to keep costs down.
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Companies are starving for people with technology skills. I think people are kind of shocked. It's certainly almost taboo in society. Parents tell their kids the last thing they should do is skip college for the big money.
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Overall, job cuts are down from last year and significantly lower than the record numbers we saw in 2002 and 2001, but there are still some worrisome trends,
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It is a favorable sign that retailers have not joined in the job-cutting spree,
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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.
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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.
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As earnings fall, corporations are quick to slash compensation costs, and that is brining about wholesale job cuts.
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The best security people can't just deal with threats; they have to anticipate them, too.
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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.