Companies are reining in holiday bonuses | CNN Business

More than 81% of the 252 employers surveyed by the outplacement firm said they planned to freeze the value of holiday bonuses at the same level of last year, while a growing number of companies said they would forgo a bonus altogether. Nearly 27% of companies surveyed said they wouldn’t give a bonus, which is up from 23% in 2021. “We’re clearly seeing some softening in the labor market,” Andrew Challenger, senior vice president of Challenger, Gray & Christmas, told CNN.

Overall, however, the labor market still remains incredibly strong by historical standards: There have been far more positions available than people to fill them and employers who spent months navigating worker shortages have been hesitant to cut jobs. “We’ve been in the tightest labor market in modern American history [with] the lowest level of layoffs, the highest wage increases, the highest number of job openings, the highest number of jobs quit,” Challenger said.

Wish the damn US government was that worries about spending OUR money!!!!!

But, but, but, you guys have been putting articles on here about how good the economy is doing.

No bonuses but record profits.

Maybe these companies should believe the Biden administration, that the economy is strong, rather than the reports of impending financial doom and recession. But several economists have said, 'the US will narrowly escape a recession, like threading a needle.' So, take your pick.

Another WTF moment from CNN brought to you by Joe Biden. Someday the woke will wake up...🤭

Weird how corporations have had record breaking sales all year but because of the 'economy' the workers take the L as usual

Zelensky has your bonus.

CEO bonuses I’m so sure.

Beep Beep - Roadrunnerrager coming through, heard there was a job with Biden admin as a Nuclear Engineer!

Biden’s economy!

AWWW...POOR CEO'S...HAHAHA

Russia constantly shows better economic results than many G20 nations despite sanctions. President Putin said, “As for the economy, despite the collapse, disarray and catastrophe predicted for us...nothing of the kind has happened.'

because the clown in chief has ruined the economy..duh

That’s odd, Biden (or whatever white house intern runs his twitter) keeps talking about how great the economy is doing.

The bonus is for this past year! Employees deserve it!

CNN brainwash fake news.

So companies with record profits are scared to give employees a little bit?

Didn’t most of the companies have a banner year? Bonuses are for the work already performed, not what may or nay not happen in future! At least the rank-and-file employees should get the bonuses! And that money will go back in economy!

Got a $15 gift card to the local CVS. I know the manager voted red so I threw it away when I got home

Wasn't an issue under Trump. I earned 5k more under Trump policies. Under Biden. I've lost 5k. It's not difficult to figure this out.

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