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    VC-backed CEO Survey Shows Preemptive Recession Staff Reductions

    With everyone in the growth-stage tech and sciences sector battening down the hatches in advance of the continued buffeting the innovation sector is expecting in 2009, we launched an online survey of VC-backed CEOs to take the temperature.   Suffice it to say, the answers, not counter-intuitive, were all various versions of "cold."


    A total of about 60 CEOs responded over the last 10 days, across various industry sectors, more than 90% of respondents located in the Northeast U.S.

    The first question and responses show that almost half of the companies have already taken preemptive downsizing measures.  It appears that more than 40% of venture-backed CEOs in their leadership wisdom have already in the last several months made adjustments.  And 10% more are looking to do so in the next 30 days or so.


    The question that wasn't asked but we'll try to do a follow up around is, "When would you make a second round of cuts, and what economic or other indicators would you look at and need to see move more negatively to make these cuts?"

    In a quick analysis, given survey responses, it appears the bell curve peak is in the 20-40% reduction in headcount.  The group of CEOs who indicated these reductions were approximately half of the 60 CEO respondents.

    • 40% or more staff reductions? ~ 10% of total CEOs surveyed
    • Less than 20% staff reductions? ~ About 17% of all CEO respondents

    7 High-Risk Search Strategies to Avoid Guide Download 

    -by Clark Waterfall on Dec 29, 2008 8:52:17 PM


    7 High-Risk Search Strategies to Avoid Guide Download

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