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Corporate Finance Offices Feel the Pinch

The WSJ says "Cost cutting to hit finance departments despite positive growth expectations, says Hackett Group"

"“Companies are continuing to do more with less,” said Jim O’Connor, a principal at consulting firm Hackett Group. Corporations plan to shave finance department budgets by an average 3.8% this year, after trimming them by 4% last year, according to a survey of executives from more than 180 large companies. The cuts would come despite projected revenue growth of 4.1% on average in 2017, Hackett said."

How smart in the short, mid and long term do you believe this thinking is, not only to the company but the economy?

http://blogs.wsj.com/cfo/2017/03/15/corporate-finance-offices-feel-the-pinch/

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