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Poll: 21% of Small-business Owners Will Cut Their Workforce in 2013

December 12, 2012

A recent poll from the Wells Fargo/Gallup quarterly survey shows that U.S. small-business owners are growing “increasingly pessimistic” as the new year approaches, finding that 21 percent of small-business owners expect to decrease their workforces in the next 12 months to a level not seen since August 2003.

Wells Fargo small-business head Marc Bernstein attributed the potential decline in confidence in part to the possibility of going over the “fiscal cliff,” or the automatic tax hikes and defense cuts scheduled to occur if Congress and the White House do not reach a budget deal by the end of this month.

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