Home NewsStock Market News Economic slowdown impact survey: Half of U.S. companies are planning layoffs | Anue Juheng – International Political Economy

Economic slowdown impact survey: Half of U.S. companies are planning layoffs | Anue Juheng – International Political Economy

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Economic slowdown impact survey: Half of U.S. companies are planning layoffs | Anue Juheng – International Political Economy


A survey released on Thursday (18th) by the world-renowned accounting firm PricewaterhouseCoopers (PwC) showed that half of the companies surveyed said they were laying off or planning to lay off employees, and more than half of companies that had frozen hiring.

In the survey of more than 700 executives and board members across U.S. industries, half of respondents said they were laying off or planning to lay off workers, while 52% said they had frozen hiring. More than 40% have withdrawn their offers, and 40% have reduced or eliminated their onboarding bonuses.

The scorching job market in the first half of the year appears to be reversing, with U.S. jobless claims falling to 250,000 in mid-August, indicating high demand for labor. However, there have been frequent reports of layoffs in the market recently, and large companies such as Walmart (WMT-US) and Apple (AAPL-US) have recently announced layoffs one after another.

Reports of layoffs and slowing hiring have also become commonplace in Silicon Valley, with startups complaining that capital is drying up and employees being warned to create more value. A few days ago, sources said that Apple rarely fired about 100 contract employees who were responsible for recruiting new employees for Apple. Apple told these people that changes in business needs prompted the company to lay off workers.

Data from Layoffs.fyi, a website that tracks layoffs at startups and newly listed companies, showed that 467 companies around the world cut more than 37,000 jobs last quarter, compared with less than 3,000 a year earlier.

The survey also found that companies have inconsistent views on the issue of teleworking, with 70% of respondents saying they are expanding conditional permanent teleworking options for some positions, but 61% saying that employees are required to increase their return. the number of visits to the office.

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