Chief Executive’s April survey of U.S. CEO confidence finds their ratings of current business conditions at the lowest level since the Covid-19 pandemic shuttered business in the spring of 2020. Their outlook for the year to come remains stalled at a multi-year low as well.
The thing is… You know what CEOs do when they have no confidence in the economy? They cut costs. Also known as “employees”.
If history is any indicator, they’ll “cut costs” regardless. :/
And that frees up the budget for bigger bonuses.