Unemployment and job search problem. Can't find work on internet with tablet. No results found in online search engine. Sad, hard, difficult, disappointing and depressing jobseeking.

Businesses across the U.S. are struggling to cope with the effects of rising costs and inflation, according to a recent survey from Fiverr. Of the more than 1,000 business owners who responded, the vast majority (85%) say they will implement hiring freezes during the current economic downturn, and more than three-quarters (78%) plan to lay off employees.

Business owners are reporting a variety of concerns, including:

  • Lowered productivity among their workforce (41%), even as more than 3 in 10 workers (36%) say their working hours have increased
  • More salary and benefits requests from staff (31%)
  • A need to re-examine their fixed costs versus variable costs (87%)

Remote-only companies are less likely to implement a hiring freeze (78%) than their fully in-person (87%) and hybrid counterparts (88%). They are also less likely to lay off staff (74%, compared to 80% of both fully in-person and hybrid).

The majority of respondents (81%) are already using freelance talent to support their staff, and 43% plan to hire freelancers to fill talent gaps.