Bottom line, everyone I know is cutting back. Although my company is still hiring and our line of business is allegedly doing well, we all work in the financial services industry and know what can happen quickly. On the one hand, some of our key competitors have taken major beatings and opportunities to expand are everywhere. On the other hand, could we be next?
One of my coworkers deferred a bathroom renovation, I deferred a cosmetic repair until Spring, and others are taking similar steps to cut back on cash outlays.
Tomorrow, I will post Part 2: Insurance Industry – Rage from Employee View