Jobs Loss Recession
Did you know?
May be this job laid off process is reasoning for recession.Let’s figure out it.
How much company laid off in last couple of weeks ?
Company Laid off Employee
Amazon 100000
Meta 11000
Twitter 3700
Walmart 200
Microsoft 1000
Netflix 300
Udaan 350
Unacademy 350
Clear 200
Cars24 600
Byzu 2500
Better.Com 3500
Blinkit 1600
Ford 3000
And list would be go on.
Basically, Employee laid off is last step for company in recession time. Revenue weak, expenses growing in this time. So, company start try to controlling expenses including wages. they not try to push their revenue because of the weak business environment in outside.
Once employees are unemployed. after, they start control their expenses. They start pullback their money from market instead of spending. That’s reason for stock market crash. It’s major impact on economic crisis & this circle continue go on.
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