Silicon Valley-San Francisco Bay Area Layoffs to Accelerate in Next Six Months, According to Bay Area Council.

Business Wire | February 12, 2009 | Copyright

42 Percent of Employers Plan Reductions - Confidence Hits New Record Low

SAN FRANCISCO -- Today the Bay Area Council announced that business confidence among Bay Area business leaders has reached a new record low, according to results of its quarterly Business Confidence Survey. Falling confidence will be paired with significant new layoffs in the region. The business confidence index - the number that distills the survey findings - registered at 31 out of 100, falling one more points from the last reading in November. A reading over 50 signals positive economic ...

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