By  on October 6, 2008

Chief financial officers were having a harder time getting funds to run operations even before the near-complete restructuring of Wall Street and the freezing of the credit markets over the last month.

Forty-one percent of financial chiefs at U.S. retailers said they experienced a tightening of credit from their lenders, according to a study by accounting and consulting firm BDO Seidman LLP. Nearly a quarter — 24 percent — reported broader use of pink slips and said they have had or plan to have significant staff reductions this year.

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