In a survey just completed this month, Watson Wyatt, the global HR firm found that cost-cutting plans have slowed. "While some companies are still adopting measures such as salary and workweek reductions, cost-cutting plans have been scaled back across the board."
The survey included 141 broad-based U.S. companies. 89% indicated there would be no further salary reductions, while 53% indicated there would be no further layoffs.
Good news for those in job search mode: 67% indicated there would be no further hiring freezes.