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Fortune
Fortune
Paolo Confino

These departments are first to go as companies brace for recession

People work in an open office space. (Credit: Ed Jones—AFP/Getty Images)

Most CEOs believe a recession is inevitable, and they're going into cost-cutting mode. 

But successful budget cuts must be strategic and target areas that won’t disrupt daily operations or impede long-term growth. As such, real estate and facilities are often the first expense placed on the chopping block, according to a Gartner survey of more than 200 CFOs.

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