The North America-based CFOs indicated the lowest level of planned spending pullbacks, with CFOs from Europe (9%) and Asia-Pacific (15%) more likely to say investment will be reduced in 2021.
A significant percentage of corporate chief financial officers are making 2021 spending and hiring plans around vaccine optimism, but the current case surge in the U.S. and Europe is making a dent in confidence.
In Europe, CFOs were twice as likely to say headcount would increase, at 36%, versus 18% who expect workforce reductions.
Asia is the only region in which CFOs say layoffs (46%) will be more widespread than job additions (31%).
Zoom In Icon Arrows pointing outwards When asked what is having the greatest impact on 2021 planning, more CFOs say optimism about a Covid-19 vaccine than fears about a Q4 surge in cases, but Asia-based CFOs are the most confident.
CFOs, Diane Swonk, Grant Thornton, Robyn Beck, Swonk
CNBC, AFP, Getty, CNBC Global, U.S
U.S, Europe, America, CFOs, Asia, Pacific