Challenger Report on Corporate Layoffs for October 2008
Earlier today, the outplacement company Challenger released their report on corporate layoffs for October 2008:
U.S. Corporate Job Cuts Announced during October 2008: 112,884
If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.
When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.
U.S. Corporate Job Cuts Announced during October 2008: 112,884
If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.
When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.
Labels: challenger, corporate_layoffs, employment, job_cuts, jobs
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posted by Steve Brown | 11/05/2008 11:11:00 AM
1 Comments:
Layoffs, at best, produce only short-term improvement. At the risk of creating severe damage. Like a crash, starvation diet - the health risks outweigh the short-term gain. Instead, businesses need to change what they do to be more competitive - and that involves applying innovation - rather than focusing on cost cutting. Read more at http://www.ThePhoenixPrinciple.com
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