CFOs Expect Sweeping Business Cuts Continuing Into 2009

Dec. 19, 2008
FEI Summary

- Nearly 40 percent of respondents expect further layoffs in the new year -

- More than one-third have plans to reduce bonuses firm-wide -

Chief financial officers of United States' companies reflecting on the past year and looking to 2009 reveal that their confidence in the nation's economy and their own businesses is alarmingly low; they also acknowledge the increased responsibility and pressures associated with their role as CFO. Significant cutbacks have been, and will continue to be, necessary across the board, according to the most recent survey of CFOs conducted by Financial Executives International (FEI) and Baruch College's Zicklin School of Business.

Read the full press release. 

Download the complimentary report published by the Financial Executives Research Foundation (FERF) with complete survey findings here.