Economics

More CFOs Expect to Cut Jobs to Control Costs, Survey Says

A person rides a bicycle along a nearly empty West Broadway in the SoHo neighborhood of New York on April 11.Photographer: George Etheredge/Bloomberg

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By Anita Sharpe

April 13, 2020 at 4:26 PM UTC

This article is for subscribers only.

Covid-19’s ravaging of American jobs is poised to ramp up, a survey released today by PricewaterhouseCoopers LLP indicates.

In a survey of more than 300 U.S. chief financial officers, 26% said they expect layoffs due to the financial impact of the new coronavirus. That’s up from 16% two weeks ago when PwC put the same question to CFOs in the U.S. and Mexico.