5 Situations That Say:
'We're Not Hiring'
By Laura D Lewis PRINT
Excerpt from:
Laid Off Now
What
In the previous section we covered six
situations that tell you a company is hiring. In this
section we cover five that tell you a company isn't hiring.
How do you know it's a waste of you time to contact a
specific company about a job? Look for these signs:
1) Companies entering quiet
periods
This happens when a company is pre-IPO or
about to merge or be acquired. No changes can occur
during this period.
2) Companies involved
in mergers and acquisitions
Mergers generally result in layoffs because there
will be redundant positions within the companies. This means
they will not be hiring for awhile.
3)
Companies facing NASDAQ
Delisting
These companies depend upon public money and
public opinion to survive. Delisting is a
serious blow to the companies viability and ability to pay
its salaries and survive in the market.
4) Companies announcing
layoffs
Generally if they are laying people off, the company has a
hiring freeze in effect.
5)
Companies involved in a
major PR scandal or lawsuit
This year it is Enron, WorldCom and Arthur Anderson.
Firestone had this problem in 2000 and again now with Ford
canceling their contract. Lost business results in income
losses and layoffs. Eventually some will
recover, but it will take about eight years. Just ask
Jack-in-the-Box. Remember e-coli?
On the flip side, companies involved in lawsuits or public
relations scandals tend to push customers to the
competitors. The competitors will need to hire to keep
up with the increased demand.!
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