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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The big question is how many workers will accept the terms. Too few and the company will be forced to fire workers; too many and the company could be forced to refuse some people's wishes to leave.
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Higher health care and energy costs for employers and employees are definitely taking a toll. Companies are being forced to enact more cost-containment measures to protect profits,
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Those who fail to deliver will be asked to tender their resignation or risk being forced out in a shareholder revolt.
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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.
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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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The biggest factor pushing tech job cuts to a five-quarter high was a surge in corporate combinations in the telecom sector, which resulted in over 3,000 job cuts in February.
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The best way to get a summer job is to start now, if you haven't started already.
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The best security people can't just deal with threats; they have to anticipate them, too.
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The average search time for executives earning over $100,000 is about a month longer than other wage earners in the same community.
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The field is continually changing, and some companies feel like they're constantly under siege. It takes a special kind of individual just to walk into that, much less take control of it.
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The fallout from these mergers is often measured in jobs as the combined entity cuts overlapping positions and sheds workers in an effort to maintain profit margins.
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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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The cost may end up being much higher since it will now be possible to watch entire games on the Internet.
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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.