4 posts and columns on John Challenger

April’s Job Loss Report Less of a Train Wreck Than March’s

in News on May 6, 2009 at 7:11 am PT

The number of job cuts made during April was the lowest since October. That’s the latest from outplacement services provider Challenger, Gray & Christmas, which said today that “planned workforce reductions” in April were 132,590–12 percent fewer than the more than 150,000 recorded in March. Great news, right? Until you realize that the “planned reductions” to which the company refers were up 47 percent from a year earlier and are still at recession levels.
freecoffeefortheunemployed

Tech Job Cuts Upgraded to "Appalling" from "Gruesome"

in News on April 6, 2009 at 12:30 pm PT

The first three months of 2009 were brutal ones for the high-tech industry–from a job loss perspective, the worst in seven years. Challenger, Gray & Christmas on Monday said high-tech companies sacked some 84,217 employees in the first quarter, a 27 percent increase over the previous quarter and the steepest reduction the firm has seen since the Great Dark Time of 2002.
rescuesociety

Tech Job Cuts Upgraded to “Appalling” from “Gruesome”

in News on April 6, 2009 at 12:30 pm PT

The first three months of 2009 were brutal ones for the high-tech industry–from a job loss perspective, the worst in seven years. Challenger, Gray & Christmas on Monday said high-tech companies sacked some 84,217 employees in the first quarter, a 27 percent increase over the previous quarter and the steepest reduction the firm has seen since the Great Dark Time of 2002.
rescuesociety

Tech Sector to Release 180,000 Workers Into Wild: The Challenger Release in Its Entirety

in News on November 14, 2008 at 1:29 pm PT

Stupefying. The year-end total for tech sector job losses in 2008 is expected to reach 180,000, according to Challenger, Gray & Christmas. That’s the largest annual job loss for the sector since 2003, when tech firms sacked some 228,325 employees.