For the third of CFOs who had to make headcount reductions, on average they lowered their staff by 13 percent in the U.S. and 10 percent in Europe. A decline in sales was the main reason attributed to this reduction. As CFOs take specific actions in the current environment to retain their current talent, CFOs in the U.S. are paying significant attention to training and development (46 percent), compensation, and ensuring opportunities for career advancements (38% each).
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