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50% companies planning job cuts amid economic downturn: PwC

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At least half of the companies worldwide are planning to cut jobs or prune bonuses and rescinding job offers due to the onset of a global economic downturn, said global financial monitoring firm PwC in its latest report. In its “PwC ‘Pulse: Managing business risks in 2022” survey in the US, it said 50 per cent of respondents are reducing ...

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