With Unstable Economy, Hiring Freezes and Layoffs Could Be Looming
SHRM Resources
JUNE 5, 2022
?A steady trickle of headlines announcing hiring slowdowns, freezes and layoffs at familiar and successful companies such as Netflix, Walmart, Meta, Wayfair and Microsoft could be the early signs of job cuts later this year or into next. Troubling economic data and trends led by inflation, rising interest rates and reduced consumer retail spending has executives eyeing moves to preserve cash flow and minimize expenses.
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