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Word: jannotta (lookup in dictionary) (lookup stats)
Dates: during 1990-1999
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...There is almost a paranoia about creating new jobs in large corporations," says David Orr, a managing partner for the outplacement firm Jannotta, Bray. Concurs Audrey Freedman, president of the Manpower Plus employment-consulting firm: "Companies are about as glad to see a new worker in their ranks as impoverished families are to add another plate to their table...

Author: /time Magazine | Title: The Job Freeze | 2/1/1993 | See Source »

Given all this malaise, there seems little chance for any substantial improvement in the job picture soon. Joseph Jannotta, chairman of Jannotta, Bray, a leading Chicago-based outplacement firm, estimates that fewer than 25% of U.S. companies have completed the task of downsizing their work forces. As the process rolls on, he says, the average firm could eliminate as much as 25% of its current payroll. That means the U.S. could face up to five more years of job losses at the searing rate of 375,000 a year. "We still have whole functional divisions disappearing within a business," Jannotta...

Author: /time Magazine | Title: The Great American LAYOFFS You call this a recovery? | 7/20/1992 | See Source »

...unemployed, the wait for a new job has been steadily increasing. Jannotta notes that executives who had earned at least $100,000 before losing their jobs now take an average of seven months to place, compared with five months a year ago. For middle managers, the search has lengthened from three months to four. That is for the lucky ones. Outplacement specialists say at least 10% of all those seeking jobs are unable to find them, up from 2% last year. "For the first time, we are really dealing with the guy who is unemployable and structurally out of work...

Author: /time Magazine | Title: The Great American LAYOFFS You call this a recovery? | 7/20/1992 | See Source »

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