Enter multiple symbols separated by commas

Some Companies Are Still Hiring: Monster CEO

Layoffs have dominated the news this past few months, but there are some companies and sectors that are still hiring during this down turn saidMonster Worldwide CEO Salvatore Iannuzzi.

“While there is a slowdown and companies are announcing layoffs, those very same companies right now are also hiring,” said Iannuzzi on CNBC. “They may be laying off in certain areas but they’re hiring in others.”

(Watch the full interview in the video on the left.)

The sectors he said are still hiring strong include government, healthcare, protective services, mining and exploration.

U.S. employers cut payrolls by 240,000 in October, according to the latest employment report released by the Labor Department. The unemployment rate shot up to 6.5 percent from 6.1 percent in September, the highest since March 1994.

Just today, global delivery company DHL announced it would cut 9,500 U.S. jobs, while Nortel Networks , North America's largest maker of telephone gear reported that they were laying off 1,300 people.

Iannuzzi says that a proposed new stimulus package could improve the employment situation in 2009.

“There’s certainly some more room for sluggishness,” said Iannuzzi. “I think the Christmas season or the holiday season will tell us a little bit more, but I think that sometime next year, probably the middle of the year maybe the latter part of the year, I think we’ll start to see things stabilize and turn around.”


  • Jamie Dimon

    JPMorgan Chase's officials haven't done enough to show what the company is doing right, leading to shareholders disapproval.

  • Attorney General Loretta Lynch enters a packed news conference at the U.S. Attorneys Office of the Eastern District of New York following the early morning arrest of world soccer figures, including officials of FIFA, for racketeering, bribery, money laundering and fraud on May 27, 2015 in New York City.

    U.S. legal authorities said they have the jurisdiction to go after some FIFA officials for corruption charges.

  • Jeffrey Lacker, president of the Federal Reserve Bank of Richmond.

    Policymakers must ensure that creditors must be willing to let firms fail in order to restore discipline, a top Fed official said.