HealthLeaders Media April 13, 2020
Three-quarters of CFOs now view the COVID-19 outbreak’s impact on operations and liquidity as the top concern for 2020.
Over 25% of CFOs anticipate layoffs as a result of the economic downturn spurred by the ongoing coronavirus disease 2019 (COVID-19) outbreak, according to a PricewaterhouseCoopers (PwC) survey released Monday afternoon.
Forty-one percent of CFOs stated that they expect furloughs and 46% anticipate a productivity loss related to a lack of remote work capabilities.
More than 80% of surveyed CFOs expect company revenues and profits to decline this year as a result of the outbreak. Additionally, 75% of CFOs now view the COVID-19 outbreak’s impact on operations and liquidity as the top concern for 2020.
Tim Ryan, U.S. Chair at...
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