Growing Number of Companies Rescinding Job Offers as Recession Fears Mount

A "now hiring" sign is posted in the window of an ice cream shop in Los Angeles, Calif. on Jan. 28, 2022. Frederic Brown/AFP via Getty Images

A growing number of workers are having their job offers rescinded by companies as fears over a recession amount, and many look to cut down on hiring, according to reports.

According to LinkedIn, a growing number of its members have reported having their offers to join new employers revoked in recent weeks, including one Columbia Business School graduate who had been accepted as a product manager at Twitter.