Thanks, Joe: 50% Of Employers Expect Job Cuts

  • Best Buy, Ford Motor, HBO Max, Peloton, Shopify, Re/Max, Walmart and Wayfair are among the firms that have announced layoffs in recent weeks.
  • 50% of firms anticipate a reduction in overall headcount in the next 6 to 12 months, according to a PwC survey.
  •  52% foresee instituting a hiring freeze and 44% rescinding job offers, according to the survey of 722 U.S. executives fielded in early August.
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