John Challenger Decline Quotations

Frankly, the September decline was somewhat surprising, considering that the last four months of the year historically have been the heaviest, as employers finalize budgets and business plans for the coming year,

The decline in job cuts is certainly welcome news, but it is difficult to get too excited about a year in which more than 1.2 million people fell victim to downsizing, ... That is more than double the 553,044 job cuts averaged annually during the six-year period before the recession.

The good news for workers is that job cuts during the summer months typically decline from the beginning of the year. If that occurs this year, we could see job-cut figures fall to their lowest level in several years.

Continued job cutting as a result of a slowing economy and increased outsourcing could prompt a significant decline in job security and a subsequent reduction in consumer spending just as we head into the all-important holiday shopping season,

Companies that simply let these workers go will probably find a significant decline in the level of customer service and may even find some customers taking their business elsewhere.