The Associated Press reports that one third of CEOs in a recent survey are expecting to lay people off in the near future -- even though only nine percent of them expect their own company's sales to go down:
The survey found that 31 percent of chief executives said they expected to reduce employment at their companies in the coming months. That's up from 22 percent who said they expected to cut payrolls in a previous survey released in April. Seventy percent of executives in the new survey said they probably would hold payrolls at current levels or boost them. That's down from 78 percent in the old survey...
In the survey, 91 percent said they expected their sales to hold steady or increase over the next six months, the same percentage as the old survey. Nine percent said they expected sales to go down — also the same as the previous reading.
