Half of US Companies Looking to Slash Jobs: PwC Survey
As signs of a U.S. economic slowdown mount, about half of American companies are planning to cut jobs, even as business leaders fret about the difficulties of hiring and retaining talent, according to PricewaterhouseCoopers (PwC).
PwC’s most recent Pulse Survey indicates that half of the more than 700 U.S. executives responding to the survey said they plan to slash jobs.
“This comes as no surprise,” the company said in a statement. “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.”…