More US Companies Brace For Job Cuts - Layoff Tsunami Gets Closer

1 year ago
28

More US companies brace for job cuts amid likely recession, survey shows. In this video, I'll discuss how more US companies brace for job cuts - layoff tsunami gets closer.

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â–¶ TIME STAMPS

00:00 More Us Companies Brace For Job Cuts
00:21 Job Cut Survey Results
1:06 Recent Layoffs
1:32 Paying Attention - Ignoring Truth
2:29 Business Survey Results
7:48 Outro

â–¶ VIDEO NOTES

More US companies brace for job cuts amid likely recession, survey shows.

A growing number of business economists expect companies to reduce their headcounts for the first time since the pandemic, a sign the job market is beginning to cool amid an increasingly dark economic outlook.

That's according to a new survey published on Monday by the National Association for Business Economics, which shows that about 20% of the group's members expect employment at their company to fall in the coming months.

"For the first time since 2020, more respondents expect falling rather than increased employment at their firms in the next three months," NABE President Julia Coronado, the founder, and president of MacroPolicy Perspectives, said in a statement. "Fewer respondents than in recent years expect their firms’ capital spending to increase in the same period."

Click here to read more - https://www.foxbusiness.com/economy/more-us-companies-brace-job-cuts-amid-likely-recession-survey-shows

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â–¶ KEYWORDS
#news #economiccollapse #layoffs

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