Survey Finds More Companies Planning Layoffs

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(Sacramento, CA)
Friday, January 2, 2009

A new survey of the top 100 companies finds that one in five intend to layoff workers during the first few months of the year. That's about three-times more than a year ago. 

Rick Reed is with Pacific Staffing, which conducted the survey. He says most companies won't be hiring either. 

"Well, in the more than 15 years we've conducted the Sacramento employment trends survey, this is one of the most dismal we've seen. 51% of employers surveyed say they're not hiring anyone in January, February and March." 

Reed says…of the 49% of companies that do plan to hire, about a third will only replace core workers. 

But Reed says the survey isn't all somber: 16% of companies will add employees during the first quarter of 2009. They include companies in agriculture, health care, customer service centers and technical-related industries.