Our Principal and Head of Capital Markets & Strategic Advisory, Zack Mukewa, was quoted in Chip Cutter’s The Wall Street Journal article today (July 28), CEOs Are Shrinking Their Workforces—and They Couldn’t Be Prouder, on how markets are reacting to shrinking workforces. Chip discusses how executives are touting shrinking workforce size as a sign of corporate health.

Zack offered a compelling perspective: efforts to reduce head count or limit hiring signal an executive’s willingness to make difficult decisions. As he put it, “Now there is almost a ‘moral neutrality’ to head‑count reductions.”

Reach his full comments at the link below.