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/