With Recession Pressure Mounting, More Than 1 in 3 CFOs Worry about Paying Employees on Time
SAN MATEO, Calif., Feb. 14, 2023 /PRNewswire/ -- The imminent threat of a recession is increasing worry among CFOs, forcing them to make short-term business decisions that may significantly impact growth levers for the long-term.
- CFOs will continue to face mounting hardships among today's economic uncertainty and increasingly look to cut costs.
- Many have already resorted to layoffs, despite 86% saying layoffs are a last resort to cut costs and 87% recognizing layoffs create long-term issues.
- It's how CFOs will help their companies survive a recession and come out of it ready to accelerate growth."
- The survey was carried out online with an email invitation between November and December 2022 by Wakefield Research.