Half of US companies gearing up for layoffs, survey suggests t.co/PCliKlPKB7 pic.twitter.com/Xm1HsNRxem
— New York Post (@nypost) August 19, 2022
More than half of all US companies are planning to lay off employees as they brace for an economic downturn, according to a new survey.
The PwC survey — which polled 700 executives and board members across the US — found 52% of companies have already enacted hiring freezes, four out of 10 have rescinded jobs or axed signing bonuses for new hires, and roughly half have started laying people off or are preparing to cut headcount.
The grim numbers underscore how dramatically sentiment has changed from a year ago when employers were handwringing over losing staff amid the so-called “Great Resignation” when employees left corporations en masse.
Recession Risk Rising: Leading Indicators Fall For 5th Straight Month
h/t dr0id