Design firms react to a weak market...

Design firms react to a weak market
While not calling the existing economic slowdown a recession for fear of making matters worse, design firms are reporting a reduction in profits and a paring of staff. Although areas of the like kind as New England and California are being hard hit, design firms in all parts of the nation have felt the efficiencys of the current downturn.
The 1990 Professional Services Management Journal (PSMJ) review of 337 architecture and engineering firms plant these companies' profit margins slipping. The 1990 overlook showed an average 8.8 percent operating profit