While it is no surprise that employers in industries heavily affected by shutdowns are aggressively making cuts to their SG&A, there is a less obvious trend that is happening right now. A large number of CFO’s and organizations are seeing the opportunity to make significant/core changes – even when they are in an industry that is benefiting from the current environment.
A recent article (linked below) from the Wall Street Journal, details how Ivy league colleges are cutting “unprofitable” athletics and doing away with standardized test scores, major league sports are making controversial changes, And… Strategic CFO’ are seizing the moment to reign in the out of control cost that is climbing up their cost stack – Healthcare.
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Coronavirus Gives Cover to Hard Calls