Some large corporations reportedly are set to lower the boom, while small-business owners eye robust staff growth in 2008.
By Garry Kranz Comments 0 | Recommend 0
Bad News, Good News: Some major employers are considering layoffs this year,
further fueling fears that the U.S. economy is sliding into recession. According
to CareerProtection.com, a company that helps employees negotiate severance
deals or retirement packages, job cuts by major corporations will accelerate in
2008. The New York-based firm says it “has been inundated this month with
telephone calls from employees at Bear Stearns, Chrysler, Citigroup, Covidien
Healthcare, Ford, GM, Indy Mac and Sprint Nextel, [which] have announced plans
for reductions-in-force in January.”
Meanwhile, small-business owners are poised to add jobs. According to the
Alternative Board, a Westminster, Colorado-based firm that provides advisory
services, about 57 percent of the nation’s small businesses plan to hire more
people in 2008. Less than 4 percent expect to downsize. Small firms also expect
big things in 2008: Nearly 73 percent envision greater profitability, and 61
percent will increase their capital spending.
Workforce Management contributing editor Garry Kranz is based in Richmond, Virginia. E-mail editors@workforce.com to comment.
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