CFO survey finds big jump in companies mulling layoffs
Fewer financial leaders than in previous surveys feel they can return to "business as usual" within three months.
By MP McQueen|April 20, 2020 at 09:01 AM
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A PwC survey of chief financial officers finds a big increase from a study just two weeks earlier in the share of CFOs who said that their companies were considering layoffs due to the continuing COVID-19 crisis.
PwC’s COVID-19 CFO Pulse Survey, which was released on April 6 as the third in a series started in mid-March when emergency lockdowns began, indicated that 26% of 313 CFOs in the U.S. and Mexico anticipated layoffs due to the crisis compared to 16% two weeks earlier. The survey also found that 81% of respondents expect COVID-19 to decrease their companies’ revenue and profits this year.
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