Not a huge surprise, but a recent BDO Seidman (an accounting firm) survey of 100 technology CFOs revealed a pretty dour view on technology companies’ prospects for 2009. While most early stage (seed and series A stage startups) investors’ companies probably don’t even have full time CFOs, the attitudes of larger technology companies’ CFOs are quite telling.
Some pretty obvious findings, including a prediction in a drop in revenues for 2009. Others, such as the aggressive steps already taken to reduce head count are a bit more shocking:
As a response to the financial crisis, almost two-thirds (61%) of CFOs state that their company has restructured operations, including reducing their workforce.
Wow! What does this mean for the technology startup entrepreneur? That there is talent out there! Engineers without jobs, and also technologists + sales people within large organizations not feeling great about their current position…
