This holiday season, cautious employers are telling staff to party like it’s 2009

‘Tis the season for tax cuts, low unemployment and a nine-year bull market.

Try telling that to corporate America. Just 65% of companies say they’re planning a holiday bash this year, according to a new survey from the an executive outplacement firm Challenger, Gray and Christmas. That’s the lowest rate since 2009, when 62% of companies said they were planning an event despite the grips of the Great Recession.

“We have never seen so many companies report that they never have holiday parties,” Andrew Challenger, vice president, said. “The number could be due to several factors, including potential liability following the #MeToo movement.

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