We are no longer seeing the blockbuster cuts in the tens of thousands that cause big headlines, ... Instead, we are seeing cuts of 2,500 (to) 5,000. While most announcements of that size do not get a lot of media coverage, those are the ones that give us (big) figures such as those in March.
More Quotes from John Challenger:
Poverty and hunger are rapidly becoming a workplace issue... if for no other reason than the fact than an employee who is worried about where his or her next meal will come from is not going to be very productive.John Challenger
Many companies have now had over two years of strong profitability. They haven't yet completely reinvested that in technology, but as they gain economic strength, they will.
John Challenger
People are moving to where the jobs and the growth are occurring. That means a lot more turbulence in people's lives.
John Challenger
It used to be taken for granted that you wouldn't do layoffs during the holidays, but that hasn't been the case for at least several years.
John Challenger
While companies seemed to be hoarding workers post-merger or acquisition through February, it appears that this is not the case anymore. While we do not have our own merger job-cut data for March tabulated yet, we know a large number of merger-related cuts were announced.
John Challenger
Retailers, restaurants, real estate, home improvement stores... will all see business decline.
John Challenger
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