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Recession Fears Drive 83% of Employers to Streamline, Cross-Train and Cut Costs

With 80% of U.S. hiring managers bracing for a recession, nearly half expecting it within the next year, businesses aren’t waiting to feel the impact. They’re already shifting gears, scaling back hiring, rewriting long-term plans and making tough choices between protecting today and investing in tomorrow. This is according to a recent Express Employment Professionals-Harris Poll survey. The data paints a picture of cautious optimism clouded by economic anxiety:94% say a recession would impact their