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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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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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.
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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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There has been a remarkable reversal since last fall and winter, when we saw several consecutive months in which departures numbered over 100.
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Consumers and companies have been gobbling up new technology in the last 12 to 24 months ... Their technology cup is overflowing, which may lead to a cooling off period until a major technology breakthrough comes along.
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You should tie up these loose ends a year or two before retiring. Don't wait until the last minute to understand your benefits options.
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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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Overall, job cuts are down from last year and significantly lower than the record numbers we saw in 2002 and 2001, but there are still some worrisome trends,
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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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Smaller to medium sized companies will be looking to beef up and build tech infrastructure just as big companies did in the last boom.
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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 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.