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Old 04-04-2019, 03:25 PM
 
4,069 posts, read 5,478,111 times
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We hit the highest number off job cuts since first quarter 2009, during the Great Recession. The Challenger, Gray & Christmas report is for announced mass layoffs. The corporations have to give 60 days notice for mass layoffs. We won't see the effect on payroll numbers until June. If you got written up or placed on a performance improvement plan, your manager may have been informed of a pending layoff.

A few years ago, half of my department got written up. Within 6 months, we found out our jobs were outsourced to a vendor in India.
Job Cuts Hit Highest Mark for First Quarter in a Decade - Challenger Report
In the first quarter of the fiscal year employers cut 190,410 jobs, says a report from Challenger, Gray & Christmas.

https://www.thestreet.com/markets/jo...eport-14917519
EDIT: Post edited to provide more context on the Challenger, Gray and Christmas report for the unfamiliar.

Last edited by move4ward; 04-04-2019 at 03:36 PM..
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Old 04-04-2019, 03:33 PM
 
1,571 posts, read 407,516 times
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Quote:
Originally Posted by move4ward View Post
We hit the highest number off job cuts since first quarter 2009, during the Great Recession. If you got written up or placed on a performance improvement plan, your manager may have been informed of a pending layoff.

https://www.thestreet.com/markets/jo...eport-14917519

A few years ago, half of my department got written up. Within 6 months, we found out our jobs were outsourced to a vendor in India.
Do you work in the automotive and energy sectors?
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Old 04-04-2019, 03:35 PM
 
4,069 posts, read 5,478,111 times
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Quote:
Originally Posted by rummage View Post
Do you work in the automotive and energy sectors?
I work in the financial industry for analytics and reporting. Our jobs were outsourced to an Indian IT contractors.
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Old 04-04-2019, 08:18 PM
 
2,477 posts, read 706,691 times
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B-b-b-b-b-b-but this is the BEST JOB MARKET EVAH! It is a "candidate driven market" the talking heads keep telling us.

/sarc
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Old 04-04-2019, 09:16 PM
 
1,720 posts, read 563,569 times
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Why is 'highest first quarter' a statistic worth observing? Why are job cuts only and not net employment figures worth observing?

That was written by a company whose business model is to place people who lose their jobs. That sounds like a company cherry picking statistics to advertise their business....
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Old 04-04-2019, 09:26 PM
 
1,571 posts, read 407,516 times
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Quote:
Originally Posted by Lekrii View Post
Why is 'highest first quarter' a statistic worth observing? Why are job cuts only and not net employment figures worth observing?

That was written by a company whose business model is to place people who lose their jobs. That sounds like a company cherry picking statistics to advertise their business....
Yes, and any reason for doom and gloom is a source of news for those who thrive on trying to point out how bad things are constantly even when they are not. I get e-mail almost every day from recruiters, I guess they have not heard this bad news too. Many companies are offering referral bonuses if you can recommend someone for a job there. I guess they have not heard of this bad news either.
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Old 04-05-2019, 03:31 AM
bUU
 
Location: Georgia
11,891 posts, read 8,677,304 times
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Nonsense. Things actually have been bad and things are actually getting worse for the least fortunate among us. The attempt to lie to the American people about that fact is strictly political ... an attempt to foster an environment where some benefit at the expense of those less fortunate.

https://www.forbes.com/sites/erikshe...to-a-new-study

https://www.forbes.com/sites/erikshe...le-working-did

https://www.npr.org/2018/07/15/62921...nderemployment

https://www.bloomberg.com/opinion/ar...nderemployment

https://www.marketwatch.com/story/fe...ght-2018-08-20
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Old 04-05-2019, 07:40 AM
 
4,104 posts, read 2,964,195 times
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Quote:
Originally Posted by Lekrii View Post
Why is 'highest first quarter' a statistic worth observing? Why are job cuts only and not net employment figures worth observing?

That was written by a company whose business model is to place people who lose their jobs. That sounds like a company cherry picking statistics to advertise their business....
TheStreet.com is a placement agency??
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Old 04-05-2019, 08:07 AM
 
Location: NYC
12,964 posts, read 8,783,224 times
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It's a good time to be paid and let go. Plenty of job opportunities.
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Old 04-05-2019, 08:17 AM
 
780 posts, read 205,680 times
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Quote:
Originally Posted by Florida2014 View Post
TheStreet.com is a placement agency??
The source of data is not from TheStreet.com. It is from a career outplacement company called Challenger, Gray, and Christmas. TheStreet.com is just the news source reporting on it.
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