why is Recession and Layoff happening in companies?
Why is Recession or layoff happening in companies? What is Recession or layoff? Recession actually means a period when the business and industry of a country is not successful. Recession happens when the business profit declines, slows down in the economy, negative growth in gross domestic product (GDP) and lags consumer’s confidences. Recession and lay off occurs simultaneously. A Lay off is termination of someone’s employment either permanent or temporary. Why Recession happen? The USA plays a major role in the world economy. If the economy of the USA slows down, then eventually the worldwide market will be affected. Many countries are interlinked and rely on international business to boost their economy. When the companies face negative growth, companies activate portfolio protection at any time to safeguard their gains and control losses. Labor is a significant cost for every business, when business incurred loss, it searches for the places to decrease the cost. In ord...