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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It is no wonder that workplace dating is taking off, with more than 28 million young people, some of whom spend more time together in the office than they do outside of work. Employers almost have no choice but to permit interoffice dating,
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I think companies will spend billions of dollars over the next several years building their e-commerce structures, and these dot.com employees will be leaders in helping them do that,
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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.
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While voracious consumer spending has helped maintain overall economic strength, companies are still hampered by stiff pricing competition from abroad, ... The inability to raise prices has cut into corporate profits, which, in turn, has most certainly contributed to increased job cutting.
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None of this bodes well for retailers depending on strong holiday sales, nor for the entire economy, which has mostly relied on consumer spending to keep it afloat,
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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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Consumers are said to have more income (including the Bush tax cut), but are spending less. That may be the strongest indication that recovery from the current situation may be longer off than Wall Street analysts expect.
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It is probably too early to break out the champagne,
based beginning companies heavy previous unusual
It is not unusual to see heavy job-cutting in the beginning of the year. Companies are still making adjustments based on the previous year's performance.
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large number of lower-middle class and middle-class Americans struggling to make it paycheck-to-paycheck will be short of discretionary income during the holiday shopping season.
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People are moving to where the jobs and the growth are occurring. That means a lot more turbulence in people's lives.
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While companies seemed to be hoarding workers post-merger or acquisition through February, it appears that this is not the case anymore. While we do not have our own merger job-cut data for March tabulated yet, we know a large number of merger-related cuts were announced.
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We've lost 2.5 million manufacturing jobs since the recession hit,
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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,