Half of US Companies Looking to Slash Jobs: PwC Survey

Job seekers line up outside the New Hampshire Works employment security job center in Manchester, N.H., on May 10, 2021. Mary Schwalm/AP Photo

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.