Posted BY: Breitbart

Numerous companies across the United States are planning to trim their employee numbers, Fox Business reported Friday.

The outlet continued:

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.

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Home goods company Wayfair decided to cut approximately 870 workers to help manage operation costs and “realign its investment priorities” following the coronavirus pandemic, the Associated Press (AP) reported this week.

In 2020, the company reported a 55 percent sales growth because people were buying home furnishings.

However, “Last year, as more people ventured out, sales at Wayfair declined 3.1%,” the outlet said.

In addition, Best Buy was also cutting jobs as the company grappled with shifting consumer behavior, the AP reported on August 12.

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