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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..
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.
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....
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.
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.
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....
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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