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...
consumer continued cutting decline economy head holiday increased job prompt reduction result security shopping slowing spending
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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Frankly, the September decline was somewhat surprising, considering that the last four months of the year historically have been the heaviest, as employers finalize budgets and business plans for the coming year,
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The good news for workers is that job cuts during the summer months typically decline from the beginning of the year. If that occurs this year, we could see job-cut figures fall to their lowest level in several years.
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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.
business companies customer customers decline level service simply taking workers
Companies that simply let these workers go will probably find a significant decline in the level of customer service and may even find some customers taking their business elsewhere.
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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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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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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.
gift giving
is probably a multimillionaire, and giving them a gift would be more of a token.