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Letter "J" » John Challenger Quotes
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«With M&A activity up, we're seeing more condensing of things like duplicate headquarters, banks on adjacent corners, duplicate warehouses, ... It's definitely something that's going to fuel more downsizing in 2004.»
Author: John Challenger
«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.»
Author: John Challenger
«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,»
Author: John Challenger
«You are 25 percent more likely to lose a job after Labor Day [Sept. 1] than in the preceding eight months, ... The reasons: employers are finalizing budgets and business plans for 2004, and payroll levels are heavily impacted by both.»
Author: John Challenger
«People who have been out for a while say, 'I've got to get back to work,' so they take downgraded jobs, ... Maybe they can't get a job as the plant manager, so they try to get a job as a manager on the factory line and work their way back up.»
Author: John Challenger
«There are zillions of conversations during work time that take place during these three weeks, ... The length of time of the tournament is one of the things that makes this unique among major American sporting events. But the tournament has become like the Super Bowl, something that everyone watches or talks about, even the non-sports fans. The $1.4 billion estimate may be conservative.»
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
«A growing number of unemployed Americans waste time browsing the estimated 4,000 to 5,000 online job sites, blanketing them with resumes, and then waiting for callbacks. It is a formula for long-drawn-out joblessness,»
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
«Layoffs are still very high, and the economy seems to be showing little sign of pulling out of the doldrums, ... These lower cuts may just mean that we aren't seeing any further dips right now -- that we're just in this kind of steady, low-wattage kind of state.»
Author: John Challenger
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