Canceled parties. Most industries aren't feeling very jolly this year. About 19 percent of companies have either downgraded or canceled the holiday party, and an additional 18 percent plan to, Watson Wyatt found. A handful of companies--mostly manufacturing firms--even plan to institute mandatory holiday shutdowns to save on operating expenses.
Layoffs
Hiring freezes
Higher health costs
Travel restrictions
Training cuts
Salary freezes
Reduced merit increases
Pension freezes
Cut 401(k) matches
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