More job cuts in the Middle East? 77% of CEOs to drive 'operational efficiencies' | ZAWYA MENA Edition:
Many companies across the Middle East may increase headcounts or just leave it unchanged this year. However, the overall focus will be on implementing cost-effective measures, a new survey revealed.
The majority of CEOs in the region (77 percent) polled by Pricewaterhouse Coopers (PwC), said they plan to make “operational efficiencies” over the next 12 months to improve performance. However, 77 percent also said they expect headcount to increase or remain unchanged at the same time.
“This nuanced picture suggests that the drive for efficiency is as much about getting in shape to seize future opportunities as surviving current difficult market conditions. Corporate sustainability is the focus, not rash cost-cutting,” PwC said in a statement.
The findings were some of the highlights of PwC’s 23rd Annual CEO Survey. A spokesperson for PwC told Zawya that a total of 1,600 chief executives globally were included in the study, including 50 in the Middle East.
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