With central banks worldwide raising interest rates to fight high inflation, CEOs are worried about the economy. But oddly enough, they’re still hiring. Some 68% of chief executives plan to increase their company’s headcount this year, according to a new Greenhouse survey. The data comes after the U.S. economy added 517,000 jobs in January—more than double economists’ forecasts—and the unemployment rate fell to a 53-year low of 3.4%.
Before the latest jobs report, a drumbeat of tech industry layoffs painted a much darker picture of the labor market. Over 150,000 tech workers lost their jobs in 2022 as once-high-flying tech stocks tumbled, and Big Tech companies alone have now shed over 70,000 employees in the past 12 months.
