Expectations of another year of lethargic economic growth …

18th January, 2013 - Posted by Jeffrey S. Weil, MCR.h, SIOR - No Comments

“With expectations of another year of lethargic economic growth, companies are responding to the ‘new normal’ with almost constant cost-cutting. This risks a vicious circle of job cuts leading to weak consumer spending, contributing to more company cost-cutting … Wells Fargo is shedding space and moving jobs to less-expensive locales. Federal Express is parking older trucks, and others are cutting payrolls, including Hewlett-Packard, Advanced Micro Devices and Citibank.” San Francisco Business Times January 4, 2013

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