They are increasingly looking to layoffs as a way to preserve capital, alongside other measures, such as hiring freezes.
Finance chiefs play a key role in this by determining which costs to cut and setting companies’ financial targets, said advisers who work with companies during staffing cuts.
Tech business HP Inc., ride-hailing company Lyft Inc. and tool-and-appliance maker Stanley Black & Decker Inc. have announced layoffs in recent months.
Finance chiefs are increasingly part of the initial discussions about whether job cuts are needed, said Hardik Sheth, a partner at Boston Consulting Group, a management consulting firm.
Some employees at Twitter, which recently cut roughly half of its workforce, are now pushing back against the dismissals.