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Article: Silicon Valley-San Francisco Bay Area Layoffs to Accelerate in Next Six Months, According to Bay Area Council.
- Article from:
- Science Letter
- Article date:
- February 24, 2009
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Today the Bay Area Council announced that business confidence among Bay Area business leaders has reached a new record low, according to results of its quarterly Business Confidence Survey. Falling confidence will be paired with significant new layoffs in the region. The business confidence index u the number that distills the survey findings u registered at 31 out of 100, falling one more points from the last reading in November. A reading over 50 signals positive economic times and below 50 is negative (see also Bay Area Council).
The Survey responses of the 505 CEOEs and top executives in the nine Bay Area counties surveyed between January 15-27, 2009 were ...