COVID and CFOs – More layoffs anticipated and more people will work remotely permanently

How are finance leaders navigating the unprecedented disruptions from coronavirus? An in-depth analysis of the biweekly results and key implications.

Key findings

Back-to-work playbooks reshape how jobs performed
49% say remote work is here to stay for some roles, as companies plan to alternate crews and reconfigure worksites.

Protecting people top of mind
77% plan to change safety measures like testing, while 50% expect higher demand for enhanced sick leave and other policy protections.

Substantive impacts expected in 2020 results
Half of all respondents (53%) are projecting a decline of at least 10% in company revenue and/or profit this year.

Cost pressures intensify
A third (32%) expect layoffs to occur, as CFOs continue to target costs, while 70% consider deferring or canceling planned investments.

Chosen excerpts by Job Market Monitor. Read the whole story @ COVID-19 CFO Pulse Survey: PwC