Half of US companies preparing to cut jobs, survey shows – Fox Business

by | Aug 19, 2022 | Jobs

Mainstay Capital Management founder and CEO David Kudla discusses his expectations for the July employment report and weighs in on markets on ‘Mornings with Maria.’ Companies across the country are planning to scale back their headcounts after a year of frenzied hiring.  That’s according to a new survey published on Thursday by consultant PwC, which last month polled more than 700 U.S. executives and board members from various industries. About half of respondents said they are preparing to reduce headcount — or already have — while 52% have implemented hiring freezes. On top of that, roughly 46% of companies are either dropping or reducing signing bonuses, which became commonplace over the past year as businesses tried to lure in new workers amid an increasingly tight labor market. Another 44% are rescinding offers entirely, the survey showed.  “Respondents are also taking proactive steps to streamline the workforce and establish the appropriate mix of worker skills for the future,” the survey said. “This comes as no surprise. After a frenzy of hiring and a tight labor market over the past few years, executives see the distinction between having people and having people with the right skills.” IS THE UNITED STATES ENTERING A RECESSION? Recruiters speak with job seekers during a Miami-Dade County job fair in Miami, Florida, on Dec. 16, 2021. (Eva Marie Uzcategui/Bloomberg v …

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