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John Challenger  Quotes
[Get global . It’s a big world and you have to be a part of it. That means acquiring international experience so you know the ways and customs of other countries.] Companies are much more...

—John Challenger

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I think that the social compact hammered out in the mid-20th century has been superseded by a new compact that is different and doesn’t promise the potential for lifetime tenure. Workers are free agents.

—John Challenger

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While some forecast the economy to be strong this year, some areas hit with heavy downsizing could struggle.

—John Challenger

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Economy
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It is probably too early to break out the champagne,

—John Challenger

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It is not unusual to see heavy job-cutting in the beginning of the year. Companies are still making adjustments based on the previous year’s performance.

—John Challenger

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Beginning
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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...

—John Challenger

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You’ll see more tuition reimbursement programs, more schedule flexibility.

—John Challenger

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Flexibility
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Business owners have been burned by the recession in the past, so they’ll take on some temporary staff and then convert them to full time when they know the recovery is for real.

—John Challenger

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Retailers, restaurants, real estate, home improvement stores… will all see business decline.

—John Challenger

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Business
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In these types of transactions, … payroll is usually targeted first for cost cuts, yielding the best and quickest results.

—John Challenger

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[Bleak outlook from small business Challenger also points out that a survey of small businesses (fewer than 500 employees) found that only 14 percent of them plan on adding workers in the near future.] That...

—John Challenger

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People see themselves moving (between) too many jobs today, too many companies.

—John Challenger

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Jobs
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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.

—John Challenger

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[Overall wealth was boosted by an improving economy.] It’s been a good year in the markets, … You’ve also got a president and an administration that is pro-business and anti-tax.

—John Challenger

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The only clear picture we have from the job cut numbers this year is that employers appear to be confused about the direction this economy is taking, … Companies are experiencing increased business, but they...

—John Challenger

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Consumers are said to have more income (including the Bush tax cut), but are spending less. That may be the strongest indication that recovery from the current situation may be longer off than Wall Street...

—John Challenger

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Income
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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.

—John Challenger

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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.

—John Challenger

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We should not get euphoric over the May drop in job-cut announcements,

—John Challenger

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The Asian situation has been a real driver and should continue into 1999, as companies scale back their growth plans,

—John Challenger

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Growth
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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...

—John Challenger

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Economy
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This is the strongest, most consistent area for job growth.

—John Challenger

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Growth
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Following the stock price plummet, many companies are running on fumes when it comes to cash.

—John Challenger

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Running
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It can’t hurt to talk with an attorney if you feel your severance program is wanting, or if you feel you’ve been wronged, … That attorney can then address those issues with the company and...

—John Challenger

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Hurt
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It’s going to be hard to replace packages that were about $67 an hour when you added in pensions and health-care benefits.

—John Challenger

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The pattern of job cutting that we saw in the third quarter mirrors what we have been seeing almost daily in the various economic and corporate earnings reports, which is to say one report suggests...

—John Challenger

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The union has done a good job in negotiating a buyout package that at least seems to me to be unparalleled. At the same time, it’s bittersweet. What they are negotiating is an end game.

—John Challenger

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Most companies are looking at how the housing market affects them. If they see housing slowing, they’ll be more cautious.

—John Challenger

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Even though February job cuts showed a significant decline, there is no reason to think the job market is rebounding, … The fact that cuts remained above 100,000 is a strong indicator that employers are...

—John Challenger

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Reason
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The company should want you first.

—John Challenger

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Company
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Summer is always a slow job-cut time. Management is away, and vacations are going on,

—John Challenger

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It’s accelerating right now. I don’t think we’re near the end of it,

—John Challenger

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Because of the declining numbers of students in computer science and engineering, companies are looking overseas for tech-savvy workers.

—John Challenger

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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.

—John Challenger

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Resignation
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For months, it appeared that the U.S. might remain relatively untouched by the financial crises abroad. However it most certainly seems that the impact is starting to ripple through our economy.

—John Challenger

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Tech cuts have been trending downward year after year as firms continue to regain their strength after the devastating dot-com collapse in 2000 and 2001.

—John Challenger

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Strength
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As people move around in their careers, they look for new opportunities where they can manage people. Sometimes building more structure into a company, like Microsoft has, can give employees more room to grow.

—John Challenger

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get it done ahead of time and then request new assignments or projects.

—John Challenger

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I don’t know what company would announce cuts and then not take them all, … Not only would Wall Street be breathing down their neck, but it would leave workers under a cloud that more...

—John Challenger

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Company
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Dell has led the way in creating a global workforce. Its increases show, to a large degree, how it wants to compete on a global scale.

—John Challenger

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The Internet still offers viable business opportunities as the number of people with Internet access increases, … As a result, we will continue to see job growth in this area but it probably will never...

—John Challenger

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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,

—John Challenger

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We’re optimistic about the job picture for the next year.

—John Challenger

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Continued job cutting as a result of a slowing economy and increased outsourcing could prompt a significant decline in job security and a subsequent reduction in consumer spending just as we head into the all-important...

—John Challenger

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Economy
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There is no question about it. More people today are striking out on their own, either involuntarily or voluntarily.

—John Challenger

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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,

—John Challenger

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Unemployment
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These sectors may continue to see high chief executive turnover in light of what will most likely be categorized as a lackluster holiday shopping season.

—John Challenger

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Even after the war ends, companies will undoubtedly proceed with caution, which could keep a job-market turnaround out of reach until later this year or even into 2004.

—John Challenger

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Smart companies will create more telecommuters so people can work from home,

—John Challenger

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The strong economy prompted ambitious yearly plans on the part of many companies, especially those in consumer goods manufacturing, … In order to meet those goals, as well as to stay competitive in today’s global...

—John Challenger

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Economy
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