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

Posted on AllSides January 24th, 2023
From The Right
K.M. Cannon/Las Vegas Review-Journal

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...

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