SFGate – A survey of Silicon Valley CEOs says more than 4 in 10 companies cut jobs last year in a dour reading of the region’s business health.
The survey of 148 companies was done by the Silicon Valley Leadership Group in advance of the Business Climate Summit it will hold Friday in Santa Clara.
About 150 people, including California legislative leaders, are expected at the event.
The 2009 survey, the sixth in a series, reflects a bleak job market.
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Nearly 42 percent of the companies surveyed said they have cut jobs since January 2008. In similar surveys conducted in each of the past three years, that same figure has averaged 12 percent.
Only half as many employers said they added jobs in 2008 compared with previous surveys that looked back at hiring in 2007 and 2006.
