Jenny Gold thinks that Scrooge is out to punish employees in our wobbly economy or so I felt after reading Companies Say 'Bah, Humbug!' To Holiday Parties (December 3rd, All Things Considered, NPR).
Is it wise?
Well taking the excesses out could make sense but canceling it outright might make you look like you are on a mission the last bit of positive spirit left into your staff?
I will let you make the call.