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April 1, 2009

Majority of CEOs Say They Will Downsize

Filed under: General HR Buzz8:00 am

In a survey conducted by Business Roundtable which represents many of America’s largest organizations, 62% of CEOs indicated that they would layoff employees in the next 6 months. That’s up from 32% in the third quarter.

About 1/3 reported that they expect their staffing levels to remain constant and 9% were hiring. More than ½ of the CEOs noted that they were also going to trim capital expenditures.

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