Is every company which is laying off is affected by recession?, or is it just using the opportunity(blaming recession) to cut down the work force which increased due to over hiring?
They did accept a future recession and thought there would be growth and hired employees, now due to uncertainty they are decreasing head count
Tbh, companies do this to justify to their investors and display that as their effort to cut the cost.
20% may only do for recession tbh
Had this thought since long back, but there's one common pattern I have witnessed. Since the Twitter layoffs, all the companies out there (including FAANG/MAANG) have joined with the layoffs trend. What's surprising is that most of thes...
Why do some startups lay off people even when they know that they'll be raising money soon via new funding?
Case in point: Dunzo
Are these employees given severance? Or is it just that Hi, Hello, Today is your last day, thank you, bye ...