Majority of workers concerned fiscal cliff will lead to layoffs
Woodcliff Lake, N.J. -- Seventy-four percent of workers report they are concerned that the U.S. fiscal cliff will lead to layoffs, according to a survey released Thursday by career transition and talent development consulting firm Lee Hecht Harrison.
In December, the firm surveyed more than 200 workers throughout the U.S. via an online poll asking, “Are you concerned that the U.S. fiscal cliff will lead to layoffs in your organization?” The results were as follows:
Very much 40%; Moderately 22%; Slightly 12%; Not at all 26%.
"With tax cuts set to expire and automatic spending cuts due to take effect, many workers are uneasy about the potential impact the ‘fiscal cliff’ will have on their own employment situation,” said Peter Alcide, president, Lee Hecht Harrison.