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Letter "J" » John Challenger Quotes
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«Companies are looking at their staffing needs for the balance of 2001 and the numbers do not present a very positive picture. The most worrisome aspect of the job-cut numbers, in terms of serving as an economic barometer, is the fact that job cutting has been heaviest in both manufacturing and technology.»
Author: John Challenger
«Changes at the top are typically followed by changes further down the ladder. However, the high number of job cuts this year could also be leading to CEO changes.»
Author: John Challenger
«The market has very high expectations. The unrelenting search for profits is driving companies in an era when they can't raise prices and some of their potential for expansion overseas is being crimped.»
Author: John Challenger
«It is clearly a seller's market. There has probably never been a better time to be looking for a job, especially for those seeking positions in industries that require highly specialized knowledge and skills.»
Author: John Challenger
«Companies, through their downsizing, continue to take the steam out of the wage inflation engine by cutting people when the pressure gets too high.»
Author: John Challenger
«We ask all of our job seekers in the out- placement program to only look at the web after 6:30 at night or before maybe 6:00 in the morning. It is a soaker up of time and in a job search, you've got to get out and see people. You can't sit behind a desk and tinker with your resume.»
Author: John Challenger
«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.»
Author: John Challenger
«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.»
Author: John Challenger
«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.»
Author: John Challenger
«October and November were the second- and third-heaviest months of the year for layoffs. We returned to the levels of job cutting we saw in 2001, which was the heaviest year we've ever tracked.»
Author: John Challenger
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