Thursday, December 12, 2013

Half Of All CFOs Plan To Cut Jobs Over ObamaCare

It would appear that the days of our so-called "economic recovery" are numbered.

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(Daily Caller) A new survey of 400 chief financial officers in the U.S. finds that nearly half of companies plan to cut back on employment in response to Obamacare.

Despite more optimism about the U.S. economy and their own companies, the quarterly survey, conducted by Duke University’s Fuqua School of Business and CFO Magazine found that “48% of US CFOs say their firms are considering reducing employment in response to the Affordable Care Act.”

Twenty percent of CFOs said that they may hire fewer workers in response to Obamacare. Ten percent said that layoffs were a possibility while 40 percent of CFOs said they might decrease employees’ hours to below the 30-hour-a-week threshold.

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Posted By: Chris Carmouche