Ac co u n ti n g CORNE R
// By Drew Bernstein, CPA
CFO Ultimate Stress Test Recently, my conversations with clients have centered on one topic: What the heck is going on with this economy?
O
n the one hand, you have a technology darling like Tesla announcing layoffs of 10% of their staff. But just try ordering one of their cars, and you will have to wait 3-6 months to take delivery.
America’s businesses currently have over 11 million job openings — more than twice the number of people seeking jobs. Yet, venture capitalists are
34 MicroCap Review Magazine
telling their companies they need to take a scalpel to staff because “winter is coming.” CFOs who honed their craft over the past decade are facing raging inflation, global commodity shocks, and rising interest rates. Most “old hands” who have experienced this kind of macro environment retired decades ago.
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