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...
familiar far hiring maximize overtime paying rather slow smarter until wages
It is far smarter to maximize productivity by paying overtime wages rather than hiring new workers, who will be slow until they become familiar with the new job.
both business companies consider cutting economy entirely eventually expecting forced hybrids internet online share shift short strategies term
We now see more and more of these Old Economy-New Economy hybrids cutting their online staffs, ... Companies that were hoping, if not expecting to eventually shift the lion's share of their business to the Internet may be forced to consider entirely new strategies for both short term and long term.
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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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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,
job next optimistic picture
We're optimistic about the job picture for the next year.
activity banks definitely duplicate fuel seeing
With M&A activity up, we're seeing more condensing of things like duplicate headquarters, banks on adjacent corners, duplicate warehouses, ... It's definitely something that's going to fuel more downsizing in 2004.
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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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The 2006 March Madness just might be remembered for the 'boss button' that gives workers a way to quickly hide their basketball indiscretions.
asian companies continue driver growth scale situation
The Asian situation has been a real driver and should continue into 1999, as companies scale back their growth plans,
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The union has done a good job in negotiating a buyout package that at least seems to me to be unparalleled. At the same time, it's bittersweet. What they are negotiating is an end game.
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The honeymoon is over. Now (Internet companies) are moving into the next phase of the relationship, with the investment community on one side and the employees on the other.
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The July numbers are still double what we saw in the period of economic expansion, ... They're the lowest in some time, but they're not good by any means.
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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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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.