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 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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Tech cuts have been trending downward year after year as firms continue to regain their strength after the devastating dot-com collapse in 2000 and 2001.
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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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Merger/acquisition activity was the second leading cause of job cuts (in January), behind cost-cutting. It will continue to be among the top job-cut reasons this year as an improving economy and increased competition force industry consolidation.
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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Many are waiting with bated breath to see if the economy continues to add jobs at the rate it did in March. If it does not, it could be serious blow to consumer and business confidence, thus slowing the momentum of the recovery again.
companies continue cutting grow job layoffs time
Companies are much more nimble today. They're cutting costs, but then they grow in new areas, so layoffs continue at the same time as job growth.
companies continue cutting grow job layoffs time
Companies are much more nimble today, ... They're cutting costs, but then they grow in new areas, so layoffs continue at the same time as job growth.
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Companies, through their downsizing, continue to take the steam out of the wage inflation engine by cutting people when the pressure gets too high,
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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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The fallout from all of this will likely continue on in December and January with more dot.com closures and job cut announcements,
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If job cuts in the auto industry continue and we start to see consistently high job-cut numbers from the top three job cutters in July, it should set off some relatively loud alarm bells about the state of the job market and economy.
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The Internet still offers viable business opportunities as the number of people with Internet access increases, ... As a result, we will continue to see job growth in this area but it probably will never again match the explosive growth of a couple of years ago.
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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.