Chief executives of large U.S. companies are downgrading their 2016 hiring plans and growth expectations.
More top corporate leaders said they expect to cut employment at their firms in the next six months than add jobs, according to the Business Roundtable’s first-quarter CEO Economic Outlook Survey, released Tuesday. The group’s members are chief executives at the country’s largest firms.
The survey found 38% of those polled expect their companies to reduce employment in the next six months, versus 29% expecting to increase employment. The fourth-quarter-survey showed 34% expecting a decrease, and 35% expecting an increase over the next half year.
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