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Letter "J" » John Challenger Quotes
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«Employees may have more control over their employment future than they think,»
Author: John Challenger
«We are seeing more job cuts from well-known, brand-name companies. The mom-and-pop category seemed to dominate the earlier waves of dot.com cuts.»
Author: John Challenger
«It would appear, ... that many of the smaller, more independent dot.com firms have been swallowed up by their larger competitors or have fallen into bankruptcy and eventual closure.»
Author: John Challenger
«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 analysts expect.»
Author: John Challenger
«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 cuts must be coming. I don't think they go into these announcements very lightly.»
Author: John Challenger
«The service [sector] is holding this economy together, but there are signs it's beginning to deteriorate. As those companies begin to cut back, we're going to see increasing unemployment, and consumer spending... is likely to get much worse, and that's going to create higher unemployment.»
Author: John Challenger
«We now see more and more of these Old Economy-New Economy hybrids cutting their online staffs, ... Companies that were hoping, if not expecting to eventually shift the lion's share of their business to the Internet may be forced to consider entirely new strategies for both short term and long term.»
Author: John Challenger
«By and large, [job cuts] damage companies. But companies are driven by Wall Street in the short term. They need to keep earnings up quarter to quarter, which drives them to cut costs quickly when revenue starts to drop.»
Author: John Challenger
«In the beginning of the downturn, it was primarily the companies which conducted business solely over the Internet that were having the most trouble,»
Author: John Challenger
«Consumers watched the stock market fall, heating-fuel prices rise, and to top it all off, employers launched a year-end job cut spree.»
Author: John Challenger
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