Over half of US companies to lay off employees: Bloomberg
More than half of all US companies are planning to lay off employees, the Bloomberg reported on Thursday, citing a survey by consultant PwC.
The survey, which polled more than 700 US executives and board members across a range of industries, found half of respondents are reducing headcount, and 52 percent have implemented hiring freezes.
More than 40 percent companies are rescinding job offers, the report added.
The layoffs and hiring freezes are becoming more widespread in the United States, and notable companies including Walmart, Apple and Oracle have announced cutbacks in recent weeks, the report said.