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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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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Job-cut announcements have been on a roller coaster ride this year. The lack of any discernible trend in corporate downsizing is indicative of the uncertainty associated with the current economy.
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It can't hurt to talk with an attorney if you feel your severance program is wanting, or if you feel you've been wronged, ... That attorney can then address those issues with the company and act as your agent.
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It becomes a question of, 'How do you create a culture with a sense of openness for everybody?'
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I think it's likely to get worse before it gets better.
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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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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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I think that the social compact hammered out in the mid-20th century has been superseded by a new compact that is different and doesn't promise the potential for lifetime tenure. Workers are free agents.
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Going through the front door is a lot better than e-mailing your resume and waiting for them to call.
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We may well have reached the peak of the economic cycle earlier in the year.
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We may now have moved into the second half of a slowdown, ... because these big layoffs have begun to appear more regularly.
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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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Retailers, restaurants, real estate, home improvement stores... will all see business decline.
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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.