The Conservative Cave
Current Events => Economics => Topic started by: Ptarmigan on August 19, 2022, 06:46:05 PM
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Half of US companies preparing to cut jobs, survey shows
https://www.foxbusiness.com/economy/half-us-companies-preparing-cut-jobs-survey-shows
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."
Half of companies are planning to do job cuts. Many are implementing hiring freezes. The coming layoff.
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fuh roh! Even the fake numbers won't be able to cover thus!
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Half of US companies preparing to cut jobs, survey shows
https://www.foxbusiness.com/economy/half-us-companies-preparing-cut-jobs-survey-shows
Half of companies are planning to do job cuts. Many are implementing hiring freezes. The coming layoff.
This is what usually happens during a recession. SharterJoe needs to be reminded of that. Barry, could you please let him know after Jill gets done changing his Depends?
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Anecdotally, I'm ubering around the DFW metroplex and still see plenty of "now hiring" signs all over, on restaurants, warehouses, manufacturing places, mechanic shops. Every school district is severely all staff, teachers, aides, support staff, ect. So my question is, are all these job cuts in other industries that you don't see big signs for, is it cause Texas is doing much better in many ways than much of the rest of the country or what exactly is going on? My hunch is the latter, with Texas throwing open the economic flood gates early.