Outplacement Firm Offers No Optimism For Employment Upturn

Jan. 13, 2005
By Michael A. Verespej There's not much optimism at the international outplacement firm of Challenger, Gray and Christmas Inc. that the economic downturn in the U.S. which has translated into massive layoffs will end anytime soon. "There is no evidence ...
ByMichael A. Verespej There's not much optimism at the international outplacement firm of Challenger, Gray and Christmas Inc. that the economic downturn in the U.S. which has translated into massive layoffs will end anytime soon. "There is no evidence reported by any industry that anything that could be called a significant sustainable rebound is on the horizon for this year or even into early next year," says Challenger, Gray and Christmas CEO John Challenger. Earlier this month, Challenger, Gray and Christmas reported that the number of announced layoffs by major U.S. corporations in the first eight months of this year totaled more than 1.12 million workers. That's more job cuts than were made in any single year since Challenger, Gray first began compiling such numbers in 1994.

Popular Sponsored Recommendations

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

3D Printing a More Efficient Factory Floor

Nov. 16, 2023
Today’s additive manufacturing platforms make it simple to print a wide range of high-performing industrial parts as soon as possible and right where you need them — unlocking...

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Moving Sustainability Forward in Manufacturing

Aug. 9, 2023
This paper presents results of a survey of industrial end users. Respondents provided feedback on a range of topics including their company’s sustainability priorities, current...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!