UPTURN? WHAT UPTURN?
It looks like another bleak year on the job front in 2003, according to chief financial officers. A solid 37.5 percent of CFOs responding to Institutional Investor's survey say their companies are considering cuts in employment. That's on top of 61.4 percent that cut jobs in 2002. This year, as last, the overwhelming majority of reductions will come from wielding the ax, although CFOs say one third of the lower head count in 2003 will result from attrition.
February 1, 2003