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Wednesday, 03 March 2010 |
Planned Job Cuts Drop 41%42,090 February Cuts; Fewest Since 2006
 John Challenger
The February total was down 41 percent from January’s 71,482 announced job cuts. It was 77 percent lower than the 186,350 job cuts announced in February 2009, when the economy was still in the midst of the housing and financial markets collapse.
Downsizing activity peaked in January 2009, with employers announcing 241,749 job cuts, the highest monthly total in seven years. Since then, monthly job cuts have steadily declined, with only a couple of exceptions. Last month’s total marks a new low-point for this downward trend. It is, in fact, the lowest monthly total since June 2006, when employers announced just 37,178 job cuts.
Through the first two months of 2010, employers announced 113,572 planned layoffs. That is 73 percent below the pace established in the first two months of 2009, when 428,099 job cuts were announced.
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Monday, 01 March 2010 |
Onward Search Career Cast, Episode #4 - Trade Show and Conference Strategies for Job Seekers  RecruitingPods.com, my joint-venture with Chris Russell, added a new podcast today from Onward Search, based in Wilton, CT. The "Onward Search Career Cast offers the latest insight and career advice from experts within the Internet marketing and creative space. Onward Search is a leading nationwide provider of web-based talent and offers a full range of recruitment and staffing solutions. "
If you're looking for a career in search engine optimization, interactive design or emerging technologies, then this is the podcast for you!
Compete Transcript Available -- Read More
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Wednesday, 24 February 2010 |
Catalyst Recognizes Initiatives at Campbell Soup Company, Deloitte, Royal Bank of Canada, and Telstra with the 2010 Catalyst Award  NEW YORK – Catalyst announces that initiatives from Campbell Soup Company, Deloitte LLP, Royal Bank of Canada (RBC), and Telstra Corporation Limited are the recipients of the 2010 Catalyst Award, the annual award that honors exceptional initiatives from companies and firms that support and advance women in business. This year’s Award winners, representing a wide range of industries, cultures, and approaches, demonstrate the strong business case supporting women’s advancement to leadership.
“These initiatives exemplify our Catalyst vision –‘Changing workplaces. Changing lives’,” said Ilene H. Lang, President & Chief Executive Officer of Catalyst. “They impact the lives of employees, families, and communities by transforming organizations, and serve as models that inspire and encourage others to embrace inclusive workplaces that benefit women, men, and business.”
Catalyst Award-winning initiatives are evaluated in a rigorous year-long process against a robust set of criteria: business rationale, senior leadership support, accountability, communication, replicability, originality, and measurable results. This year’s Award winners include a company where women run the largest and most profitable businesses, a second-time Catalyst Award-winning company, a premiere Canadian bank that expanded its women’s initiative to benefit other diverse employee groups, and the first initiative from a leading Australian company. These Award-winning initiatives reflect best practices around diversity, inclusion, and advancement of women to leadership roles and positions of influence.
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Wednesday, 03 February 2010 |
Monster Buys HotJobs
John Zappe at ERE reported that Monster is buying HotJobs. The news of the $225 million acquisition from Yahoo! was announced Wednesday in New York.
The deal includes a three-year agreement in which Monster will power the career channel on Yahoo’s homepage in the U.S. and Canada. Yahoo will continue to manage the 600+ newspaper advertising and content consortium it has put together over the last several years. Monster, however, will get the recruitment advertising, giving it a print and online network of more than 1,000 daily and weekly newspapers across North America.
Read John's article here.
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Wednesday, 03 February 2010 |
Employers Announce 71,482 Layoffs To Start 2010John Challenger
The January job-cut total was 59 percent higher than December 2009, when announced layoffs fell to a 24-month low of 45,094. This is the first increase in monthly job cuts since last July. It is the largest monthly total since last August, when employers announced 76,456.
While layoffs increased from December, the January total was 70 percent lower than the 241,749 planned job cuts announced the same month a year ago. January 2009 marked the peak of downsizing activity in this recession, with job cuts hitting their highest level in seven years.
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