For employees in the middle of a merger-acquisition right now, it is likely that at least one in 10 will lose their jobs because of the combination.
More Quotes from John Challenger:
Changes at the top are typically followed by changes further down the ladder, ... However, the high number of job cuts this year could also be leading to CEO changes.John Challenger
The competition will be fierce for first-time job seekers this year. Not only are there fewer jobs, but the pool of candidates is bigger, ... In addition to their classmates, college graduates will be competing with jobless people formerly in the workforce for one to three years...
John Challenger
The field is continually changing, and some companies feel like they're constantly under siege. It takes a special kind of individual just to walk into that, much less take control of it.
John Challenger
But that might be a conservative estimate. Especially since CBS announced those live feeds for free. Plus, with the whole new era of video on demand you can just download a game you want to see we think that it might be heavier this year.
John Challenger
Companies are much more nimble today, ... They're cutting costs, but then they grow in new areas, so layoffs continue at the same time as job growth.
John Challenger
Pay raises have been paltry since 2001. Since 2001, wage growth has been muted because productivity has been so strong.
John Challenger
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