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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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.
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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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The decline in job cuts is certainly welcome news, but it is difficult to get too excited about a year in which more than 1.2 million people fell victim to downsizing, ... That is more than double the 553,044 job cuts averaged annually during the six-year period before the recession.
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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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For months, it appeared that the U.S. might remain relatively untouched by the financial crises abroad. However it most certainly seems that the impact is starting to ripple through our economy.
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We typically see higher job cuts in January as companies set into motion business plans and employment needs for the new year.
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With job-cut figures surging, you would expect to see long lines at the unemployment offices and at every location looking to hire,
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With fewer job cuts last month and virtually no let-up of demand for skilled workers across all industries, one would expect far more wage pressure than has been seen,
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With factors like technology, outsourcing and consolidation working against job creation, any job market rebound we see in the near future will be relatively small,
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It would appear, ... that many of the smaller, more independent dot.com firms have been swallowed up by their larger competitors or have fallen into bankruptcy and eventual closure.
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These sectors may continue to see high chief executive turnover in light of what will most likely be categorized as a lackluster holiday shopping season.
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The strong economy prompted ambitious yearly plans on the part of many companies, especially those in consumer goods manufacturing, ... In order to meet those goals, as well as to stay competitive in today's global 24-hour economy, several companies in the poll have added or plan to add third shifts, creating the need for even more workers.
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is probably a multimillionaire, and giving them a gift would be more of a token.
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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.